Sweetgreen, Take-Two, e.l.f., Paramount: Earnings in focus
Asking for a Trend host Josh Lipton breaks down some of the names moving the most in after-hours trading.
Shares of Sweetgreen (SG) are soaring after it topped second quarter revenue estimates and raised its full-year outlook for same-store sales.
Similarly, shares of Take-Two Interactive Software (TTWO) are rising after the video game publisher beat first quarter estimates. However, the company did not provide an update on the highly anticipated Grand Theft Auto 6.
On the other hand, shares of e.l.f. Beauty (ELF) are sinking on weak guidance, despite the beauty giant beating earnings expectations on both the top and bottom lines.
Paramount Global (PARA, PARAA) shares are rising after the media giant reported second quarter earnings and announced plans to cut 15% of its US workforce by the end of the year.
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
Let's take a look at what's trending after hours.
Now, shares of Sweet Green on a tear, the salad chain raising its full year outlook for same store sales after a solid second core companies 184.6 million in revenue beating estimates though it posted a wider than expected loss for the period.
Take two, take a look at that one.
Take it off after hours of video game publisher beating the streets first quarter estimates.
Company's CEO saying he expects the acquisition of Borderlands developer Gearbox to be lucrative.
The company provided no updates on its much anticipated Grand Theft Auto Six release by Elf Beauty delivering a beat on the top and bottom line for the first quarter.
Company also boosting its adjusted earnings per share guidance the full year.
However, the forecast to miss Wall Street's expectations and then take another look here.
Find shares of Paramount Global which reported second quarter results on the earnings call.
The company did announce it is laying off 15% of its US workforce.
Paramount reported its first ever profit for its dream business in the second quarter but overall revenue did miss expectations