A workers member shows a burger with a Past Meat plant-based patty at VeggieWorld honest in Beijing, China November 8, 2019.Jason Lee | ReutersTake
A workers member shows a burger with a Past Meat plant-based patty at VeggieWorld honest in Beijing, China November 8, 2019.
Jason Lee | Reuters
Take a look at the businesses making headlines after the bell on Thursday:
Past Meat – Past Meat shares rose as a lot as 14.7% in unstable buying and selling on information that the plant-based firm struck offers with meals giants McDonalds and Yum Manufacturers. Underneath the deal, Past Meat will provide each firms with plant-based merchandise. Nonetheless, the corporate additionally posted quarterly numbers that missed analyst expectations. Past Meat misplaced 34 cents per share on income of $101.9 million. Analysts anticipated a loss per share of 13 cents on income of $103.2 million, in keeping with Refinitiv.
Etsy – Etsy shares popped 7.3% after the corporate’s newest quarterly figures simply beat analyst expectations. The web retailer posted earnings per share of $1.08 on income of $617 million. Analysts polled by Refinitiv anticipated earnings per share of 59 cents on income of $516 million.
Salesforce – The software program firm’s inventory slid 4.4% even after the discharge of better-than-expected fiscal fourth-quarter outcomes. Salesforce logged a revenue of $1.04 per share on income of $5.82 billion. Analysts had forecast earnings per share of 75 cents on income of $5.68 billion, in keeping with Refinitiv. Nonetheless, the corporate additionally issued disappointing earnings steerage for the complete yr.
Virgin Galactic – Shares of the area journey firm pulled again by 11% after Virgin Galactic stated its subsequent spaceflight take a look at shall be delayed till Could. Virgin Galactic additionally reported a fourth-quarter loss that was consistent with analyst expectations. Earlier within the day, the corporate introduced CFO Jon Campagna was stepping down, efficient Monday.
DoorDash – Shares of the meals courier firm dropped 11% after DoorDash posted its first quarterly outcomes since going public. The corporate posted a income of $970 million, whereas analysts at Refinitiv estimated a income of $938 million. DoorDash additionally informed shareholders it expects a few of the tailwinds skilled through the pandemic to ease as lockdowns are lifted.
Airbnb – The holiday rental firm’s shares ticked up by 0.2% after the corporate launched its first quarterly report since going public in December. Airbnb reported income of $859 million. Wall Road analysts polled by Refinitiv had forecast income of $748 million. The corporate additionally reported a lack of $11.24 per share. CNBC doesn’t examine reported earnings to analyst estimates for a corporation’s first report after going public.
Nikola – The electrical car maker’s inventory slipped 1.9% even after the corporate posted a smaller-than-expected quarterly loss. Nikola misplaced 17 cents per share after analysts at Refinitiv had forecast a lack of 24 cents per share.