Stocks make the biggest moves after hours: Novavax, Allbirds and more
A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of the Novavax logo displayed in this illustration taken October 30, 2020.
Dado Ruvic | Reuters
Find out which businesses are making headlines after hours.
Novavax — Biotech stock fell 32% after Novavax cuts its revenue forecast for the full year due to low demand for its Covid vaccines.
Take-Two Interactive Software – Shares fell 6% after the video game company got behind titles such as Grand Theft Auto reported weaker than expected earnings. Take-Two reported revenue of $1 billion, less than the $1.09 billion forecast by analysts polled by Refinitiv.
Upstart – Shares fell 7% after the consumer finance company reported disappointing second-quarter results. Upstart earned 1 cent per share on revenue of $228.2 million. Analysts polled by Refinitiv had estimated earnings of 10 cents per share on revenue of $241.6 million.
Allbirds – Footwear stock fell 12% after Allbirds cut its outlook for the year and announced cost-cutting efforts, citing weaker consumer spending. The footwear and apparel company also beat expectations in its second-quarter results, compared to consensus estimates from Refinitiv.
Hims & Hers Health – Shares gained more than 4% after telehealth company quarterly results communicated and raised its outlook for the full year, citing continued momentum in net new subscriptions.