Stocks making the biggest moves after hours: Lyft, Match, Robinhood and more

Market Insider

Ramin Talaie | Corbis News | Getty Images

Check out the companies making headlines after the bell.

Lyft — The ride sharing company’s stock gained more than 1% after it reported quarterly results that beat analysts’ estimates. The company said demand continued growing in July even with heightened Covid-19 cases. Lyft reported a loss of 5 cents per share, compared to Wall Street forecasts of 24 cents per share.

Caesars Entertainment — Shares of the gaming and hotel chain jumped 4% following its quarterly earnings report. Caesars reported earnings of 34 cents per share, beating analysts’ estimates by 52 cents, and revenue of $2.5 billion, also beating expectations. The company attributed its growth to a strengthening of the Las Vegas market as well as continued strength in regional markets.

Activision Blizzard — The maker of “Call of Duty” and other video games saw its shares rise 3.9% following its second-quarter earnings report. The company reported 91 cents per share and $1.92 billion in revenue, both of which beat analysts’ expectations. On Tuesday morning, the company announced president J. Allen Brack is leaving amid a harassment lawsuit against the firm.

Match Group — Online dating company Match’s shares fell about 3.7% after it reported weaker than expected earnings, despite showing strong sales growth in the U.S. amid a recovering dating scene. Match — whose portfolio of brands includes Tinder, Hinge and OkCupid — reported 46 cents per share for the quarter, falling below Wall Street forecasts by 6 cents. 

Robinhood — The newly public Robinhood stock is up about 4%, extending its rally from the regular trading session. Robinhood went public last Thursday on the Nasdaq, opening at $38 per share, and fell 8% on its first day. On Tuesday the stock soared 24.2% to $46.80 per share.

Become a smarter investor with CNBC Pro
Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. 
Sign up to start a free trial today

Articles You May Like

7 Cruise Stocks to Sell Now
Bonds flash recession warning light as key part of the yield curve inverts again
High Beta Stocks
This Is When You Can Be Aggressive in Buying AMD Stock
Stocks making the biggest moves midday: Oil stocks, Ford, Crocs and more