Look at the businesses grabbing attention during extended trading.
GameStop
After reporting an increase in revenues for its most recent quarter, the retailer of video games saw a 5% gain. In the second quarter, GameStop recorded revenue of $1.164 billion, up from $1.136 billion in the same period last year.
American Eagle Clothing
After American Eagle released its second-quarter financial results, the stock of the clothing retailer fell 2.6%. According to LSEG, previously Refinitiv, revenue came in at $1.2 billion, meeting Wall Street expectations. In contrast to experts’ predictions of 16 cents per share, American Eagle’s earnings came in at 25 cents per share, exceeding expectations.
C3.ai
After C3.ai predicted a larger-than-expected operational loss for the fiscal second quarter, shares fell as much as 6% in extended trade. While analysts surveyed by StreetAccount expected a loss of $20.5 million, the company is projecting an operating loss of $27 to $40 million. According to LSEG, analysts had predicted a loss of 17 cents per share on revenue of $71.6 million for the most recent quarter, whereas C3.ai reported a loss of 9 cents per share, excluding items, on revenue of $72.4 million.
ChargePoint Holdings
Following the release of the company’s fiscal second-quarter revenue miss, ChargePoint stock fell 10%. While analysts surveyed by LSEG expected $153 million in revenue, the provider of infrastructure for electric vehicle charging reported $150 million in revenue. ChargePoint also announced that it would reduce its employees by roughly 10% globally.
Verint Systems
The analytics firm lost 13% in after-hours trading after reporting disappointing revenue and earnings in the second quarter. Verint reported adjusted earnings of 48 cents per share, missing the FactSet-surveyed analysts’ consensus estimate of 57 cents per share. The actual revenue was $210.2 million, which was less than the projected $57.4 million.
Dutch Bros
After launching a public offering of $300 million in shares of its Class A common stock, the drive-through coffee company saw its stock price decline by more than 5% in after-hours trading.
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