Let’s look at the companies that made the headlines after so long.
Coinbase – After Coinbase had reported the revenue of the first quarter below the expectations, the extended trading shares had dropped 11.5%. Revenue of $1.17 billion was posted by Coinbase against the $1.48 billion estimates by Refinitiv consensus. Coinbase believes that market volatility and lower asset crypto prices had affected the results of the first quarter.
Electronic Arts – The Electronic Arts stocks had risen 2.2% after some hours, along with its narrow miss of the revenue estimate by Wall Street. As reported by the video gaming company, the quarterly revenue had been $1.75 billion but the Refinitiv analysts had expected the revenue to be an average of $1.77 billion.
Roblox – After Roblox missed the projections of analysts on the bottom and top lines, the extended trading shares had taken a downfall by 6.9%. The video gaming company had reported a 27 cents loss per share in the first quarter on a $631 million revenue. As per the expectations of the Refinitiv analysts, a 21 cents per share loss was expected on a $645 million revenue.
Unity Software – In extended trading, the stock had plunged by 31.6% after the company had posted lower revenue than expected. Unity software had presented, in the first quarter $320 million revenue whereas the Refinitiv analysts had expected it to be $322 million.
Wynn Resorts – With a weaker quarterly report than expected, the casino and hotel operator stock had seen a decline after hours. A $1.2 adjusted per-share loss was posted by Wynn while $1.25 had been expected by Refinitiv analysts. Against the combined $986 million estimates, the revenue had been $953 million.
SoFi – After the 12% regular trading session plunge, the stocks had risen 1%, following the company’s accidental early release of the results. SoFi had better numbers on the bottom and top lines than expected with weaker forward guidance.
Occidental Petroleum – Regardless of the better quarterly report than expected, the stock had dropped 1%. Occidental had reported $2.12 per share on $8.53 billion revenue in the first quarter. The expected profit was $2.03 per share on $8.08 billion according to the Refinitiv analysts.