Robyn Beck | Afp | Getty Images
Check out the companies making headlines in extended trading.
Disney — Shares fell 4.7% after the company reported mixed results for the second fiscal quarter. According to Refinitiv, earnings were in line with estimates, while sales slightly beat analysts’ estimates. While the company said its streaming segment losses had narrowed, it lost 4 million Disney+ subscribers.
Beyond Meat — Shares of the alternative meat maker rose 8.5% after Beyond Meat reported better-than-expected first-quarter results. Beyond Meat reported a loss of 92 cents per share on revenue of $92.2 million. Analysts had expected a loss of $1.01 per share on revenue of $90.8 million, according to Refinitiv.
Robinhood — Shares of the retail brokerage firm were up 4% in extended trading after Robinhood reported first-quarter revenue of $441 million, up from $425 million analysts had forecast, according to Refinitiv. Transaction revenue for both stocks and options increased from the fourth quarter, and monthly active users increased slightly to 11.8 million.
Unity Software — According to Refinitiv, shares of Unity Software rose 12% after the company beat revenue estimates for its most recent quarter. Unity also provided stronger-than-expected guidance for the current quarter, saying revenue will be between $510 million and $520 million.
Groupon — Shares fell 4% after the coupon company posted first-quarter sales that fell short of expectations, according to Refinitiv. Groupon reported revenue of $121.6 million while The Street reported $134.9 million.
Sonos – Shares in the home sound system fell 18%. Sonos posted a loss of 24 cents a share, while analysts polled by Refinitiv called for a loss of 18 cents a share. Sonos CEO Patrick Spence announced that the company is lowering its guidance for the second half of fiscal 2023 in light of “slacking consumer demand and tightening inventory at channel partners.”
— CNBC’s Jesse Pound and Samantha Subin contributed coverage.