A woman holds a vial labeled “Coronavirus COVID-19 Vaccine” and a medical syringe in front of the Novavax logo shown in this image, taken on October 30, 2020.
Seen Ruvic | Reuters
Check out the businesses that are making headlines after hours.
Novavax – Biotech stocks fell 32% after Novavax lowered its full-year revenue expectations due to poor demand for its Covid vaccines.
Take-Two Interactive Software – Shares fell 6% after the video game company behind titles like Grand Theft Auto reported weaker-than-expected gains. Take-Two reported revenue of $1 billion, less than the $1.09 billion analysts projected by Refinitiv.
Upstart – Shares fell 7% after the consumer loan company posted disappointing second quarter results. Upstart earned 1 cent per share on $228.2 million in revenue. Analysts surveyed by Refinitiv estimate earnings of 10 cents per share on revenue of $241.6 million.
Allbirds – Shoe inventory fell 12% after Allbirds lowered its outlook for the year and announced cost savings, citing weaker consumer spending. The footwear and apparel company further exceeded expectations in its second quarter results, compared with Refinitiv’s consensus estimates.
Hims & Hers Health – Shares gained more than 4% after the telehealth company reported quarterly results and raised its full-year outlook, citing continued momentum in net new subscriptions.