Stocks That Make The Biggest Moves After The Bell: Etsy, Zynga, Sunrun & More
Check out the companies that hit the headlines on Wednesday after the bell:
Etsy – Etsy stocks were down 7% as the company’s results beat estimates for the first quarter. The e-commerce company earned $ 1 per share, compared to earnings analysts polled by Refinitiv, which was 88 percent per share. Revenue was $ 551 million, also ahead of the expected $ 530 million.
Sunrun – The solar company’s stock rose more than 3% in expanded trading based on Sunrun’s first quarter results. The company lost 12 cents a share on sales of $ 334.8 million. Analysts polled by FactSet expected the company to lose 9 cents a share and achieve sales of $ 322.3 million.
Fast – Fastly’s shares fell more than 14% after the company posted disappointing results for the previous quarter. The content delivery company lost 12 cents per share excluding items and had sales of $ 84.9 million. Analysts polled by Refinitiv expected a loss of 11 cents and a turnover of 85.1 million US dollars.
Zynga – Zynga shares rose 5% following the company’s latest quarterly update. The game developer reported bookings of $ 720 million in the first quarter, compared to the $ 684.6 million for print analysts surveyed by FactSet.
Moderna – Shares rose 1% after the company said its Covid booster shot is generating promising immune responses against variants in South Africa and Brazil. The early data are based on the results of an ongoing clinical study.
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