A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020.
Carlo Allegri | Reuters
Check out the companies making headlines after the bell:
DoorDash — Shares of the food delivery company popped 12% after a revenue beat. DoorDash reported revenue of $1.61 billion in the second quarter, higher than the $1.52 billion analysts were expecting, according to Refinitiv. DoorDash said the total number of orders it delivered grew 23% year over year to 426 million, an all-time high. It did report a loss larger than expected for the quarter, however.
Beyond Meat — The alternative meat producer’s shares fell more than 2% after the company lowered its revenue forecast for 2022. Beyond Meat also announced it will trim its workforce by 4%, citing broader economic uncertainty. Beyond reported second-quarter net loss of $97.1 million, or $1.53 per share, wider than a net loss of $19.7 million, or 31 cents per share, a year earlier.
AMC Entertainment — Shares of the movie theater chain dropped 4% after the company said it plans to issue a dividend to shareholders in the form of preferred shares listed on the NYSE under the ticker APE. The name is a nod to its retail investors who supported the company during the meme-stock mania.
Virgin Galactic — The space stock tumbled more than 7% in after-hours trading after the company’s quarterly report. Virgin Galactic posted a net loss of $111 million in the second quarter, compared to a $94 million net loss in the same period a year ago. The company also delayed its commercial service launch to the second quarter of 2023.
Warner Bros. Discovery — Shares of the media giant fell 9% after the combined company disclosed a total direct-to-consumer subscriber base of 92.1 million. It marked the first time the company reported quarterly earnings since WarnerMedia and Discovery merged earlier this year.
Image and article originally from www.cnbc.com. Read the original article here.