Yahoo Finance Bumble, Dutch Bros stock sinks, Zillow soars: After-hours movers
Asking for a Trend Host Josh Lipton breaks down some of the biggest names moving in after-hours trading.
Shares of Bumble (BMBL) are sinking after the online dating platform issued Q3 revenue guidance that was short of Street estimates.
Similarly, shares of Dutch Bros (BROS) are falling after the coffee chain raised its full-year revenue guidance, but it still fell short of analyst expectations.
On the other hand, Zillow (Z) shares are climbing after the company its second quarter earnings topped estimates and announced that its COO Jeremy Wacksman will replace co-founder Rich Barton as CEO.
For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.
This post was written by Melanie Riehl
Video Transcript
Now let's take a look at what's trending after hours bumble shares sinking after slashing its bumble app.
2024 revenue guides, the online dating platform.
Now seeing revenue growth of 1.5 to 2.5%.
The company previously saw growth of 9 to 11% bumble resetting its guidance to reflect action.
It's taken a position, the company to quote reignite user growth deliver improved customer value and drive long term revenue growth.
Shares of Dutch Brothers also coming under heavy selling pressure after reporting earnings, the coffee chain second core results coming in above expectations, but it's the guidance that spook at investors.
The revenue outlook coming in shy of Wall Street's estimates also projecting shop openings for the year will come in at the lower end of its guidance range and shares of Zillow though they're jumping company naming a new CEO the announcement coming as part of Zillow's earnings report and second quarter results did come in above analysts expectations.
