Coinbase, Roblox, Electronic Arts, etc.

The logo of Coinbase Global Inc, the largest cryptocurrency exchange in the United States, will be displayed on April 14, 2021, such as the Nasdaq Market Site Jumbotron in Times Square, New York, USA.

Shannon Stapleton | Reuters

Check out the companies that make the headlines after the bell:

Coinbase — Equities fell 11.5% in long-term trading after Coinbase reported lower-than-expected earnings in the first quarter. Coinbase’s revenue was $ 1.17 billion, while Refinitiv’s consensus estimate was $ 1.48 billion. The company said lower crypto asset prices and market volatility impacted Q1 results.

Electronic Arts — Shares rose 2.2% after business hours, despite Electronic Arts slightly missing a Wall Street earnings quote. Video game companies reported quarterly revenue of $ 1.75 billion, but analysts surveyed by Refinitiv expected an average revenue of $ 1.77 billion.

Roblox — Equities fell 6.9% in extended trading after video game companies missed top-line and bottom-line analysts’ predictions. Roblox reported a first-quarter loss of 27 cents per share with revenue of $ 631 million. According to Refinitiv, analysts expected a $ 645 million revenue loss of 21 cents per share.

Unity software — Equities plunged 31.6% in long-term trading after video game software companies earned less than expected. Unity Software reported revenue of $ 320 million in the first quarter, while analysts surveyed by Refinitiv expected $ 322 million.

Wynn Resorts — Hotel and casino operator inventories fell slightly after a few hours following weaker quarterly reports. Analysts expected $ 1.15, according to Refinitiv, but Win posted an adjusted loss of $ 1.21 per share. Revenue was $ 935 million, but the consensus estimate was $ 896 million.

SoFi — Shares rose 1% hours later, after a 12% plunge in a regular trading session after SoFi erroneously announced quarterly results early. SoFi posted better than expected numbers on the top and bottom lines, but issued weaker forward guidance than expected.

Occidental Petroleum — Despite better-than-expected quarterly reports, stock prices fell 1%. Occidental reported first-quarter revenue of $ 2.12 per share, with revenue of $ 8.53 billion. According to Refinitiv, analysts expected a profit of $ 2.03 per share for a revenue of $ 8.08 billion.

Coinbase, Roblox, Electronic Arts, etc.

Source link Coinbase, Roblox, Electronic Arts, etc.

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