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Stocks moving in after hours: Allbirds, Novavax, Vroom, Take-Two Interactive

 1 year ago
source link: https://finance.yahoo.com/video/stocks-moving-hours-allbirds-novavax-210418175.html
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Stocks moving in after hours: Allbirds, Novavax, Vroom, Take-Two Interactive

Tue, August 9, 2022, 6:04 AM
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Yahoo Finance Live's Seana Smith checks out several stocks moving in after hours trading.

Video Transcript

SEANA SMITH: Let's take a look at some of these after hours movers here. A lot of the movers today, once again, has to do with earnings results after the bell. First up, let's take a look at Allbirds-- shares falling after hours, off just about 12%. You can see the stock moving to the downside here after closing just above $5.60 per share.

Revenue guidance-- full-year 2022 revenue guidance missing the Street's expectations. They are now saying that they expect to see $305 million to $315 million. Estimate was for $339.6 million. You can see the stock has suffered since the start of the year, with shares down just about 62% year-to-date-- again, falling another 12% here after hours.

Novavax a bit of a similar story when we talk about a stock that hasn't really taken off in 2022. Some interesting numbers here from Novavax-- losses increasing, revenue missing. They also see their full-year revenue of now between $2 billion and $2.3 billion. Putting that in perspective, that's about half of what they initially saw. They initially saw a range of $4 to $5 billion, loss per share of $6.53, the estimate was for a loss of $5.24, revenue of $185.9 million, down 38% year-to-date-- excuse me, 38% year-over-year. Year-to-date, the stock off just about 60%.

Let's take a look at Vroom shares here-- after hours, off nearly 10%. Adjusted loss of $0.73, sales coming in short-- $475.4 million. Record e-commerce gross profit, though, for a per unit, just over $3,600. That's up about 100% year-over-year. And Take-Two Interactive. Over the last three months, the stock has actually done OK, because these shares up just about 10%.

But the numbers here failing to impress the Street after hours. Revenue of $1.1 billion, up 41% year-over-year, a loss of $0.76. But, once again, it's all about the guidance. And that, of course, has been the story with so many of these names during this most recent earnings report cycle. Full-year 2023 view of $4.60 to $4.85 the estimate was for $5.37, so huge miss there in terms of what they're expecting to see in adjusted EPS basis. Again, we're seeing shares fall just about 5% here in after hours.


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