Finance

Stocks making the biggest moves after hours: Disney, Bumble, Sonos & more

Products You May Like

In this article

Disney store is seen in Times Square, New York City.
Nick Pfosi | Reuters

Check out the companies making headlines after the bell Wednesday

Walt Disney — Shares of the entertainment company jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the previous quarter. Subscriptions came in at 152.1 million, above the expected 147.76 million according to StreetAccount. Disney’s earnings per share and revenue also topped estimates.

Sonos — Shares of the wireless home sound system maker cratered more than 19% after the company slashed its full-year guidance amid a challenging macro environment. Sonos’ earnings and revenue for the previous quarter also missed expectations.

Bumble — Bumble slumped more than 13% after slashing its guidance for the full year despite a revenue beat for the previous quarter. The company cited inflation and foreign exchange headwinds among the reasons for the forecast cut.

Vacasa — The vacation rental management stock soared 42% on the back of an unexpected profit of 2 cents per share. Analysts had expected a loss of 20 cents per share, according to Refinitiv. Vacasa also shared solid guidance for the current period.

Products You May Like

Articles You May Like

Stellantis aims to reverse yearslong declines in U.S. sales and market share in 2025
Disney, Fox and Warner Bros. Discovery call off plans to launch Venu sports streaming service
Honda reveals two new ‘0 Series’ EVs to be produced in Ohio
Shares of California utility Edison International drop 10% as wildfires rage
New Social Security benefit increases for nearly 3 million Americans may trigger higher tax bill, Medicare premium costs

Leave a Reply

Your email address will not be published. Required fields are marked *