A dog greets its owner outside the New York Stock Exchange (NYSE) during Chewy Inc.’s Initial Public Offering (IPO) in New York, the United States on Friday, June 14, 2019.
Michael Nagle | Getty Images
Find out which companies are hitting the headlines after the bell:
Chewy – Chewy shares fell about 2% after hours despite the company’s first quarter financial results beating Wall Street estimates. The pet products retailer reported first quarter profit of 9 cents a share on revenue of $ 2.14 billion. Analysts were looking for a loss of 3 cents a share on revenue of $ 2.13 billion, according to Refinitiv.
Dave & Buster’s – Shares of Dave & Buster jumped 5% in extended trading after the restaurant and entertainment company reported first-quarter earnings exceeding analysts’ expectations. Dave & Buster’s reported quarterly profit of 40 cents per share, while analysts expected a loss of 16 cents per share, according to Refinitiv. The company’s first-quarter revenue also beat Street’s forecast.
Vertex Pharmaceuticals – Shares of Vertex Pharmaceuticals fell 13% in after-hours trading after the company announced it would halt development of VX-864, a liver disease drug. Vertex said in a press release that “the magnitude of the treatment effect observed in this study is unlikely to translate into substantial clinical benefit.”
AMC Entertainment – Shares of AMC Entertainment fell 1% in extended trading after retail favorites hit a wall in the regular session. The stock has seen a massive rally recently, but is down more than 10% this week. Yet AMC shares are 1,919% higher in 2021.