BYND Stock – Peloton, Beyond Meat, Expedia & more
Check out the companies making headlines after the bell on Thursday:
Peloton — Shares of Peloton dropped more than 6% after the closing bell, when the fitness company reported fiscal third-quarter sales growth of 141%. Its per-share loss for the quarter was also smaller than expected at 3 cents versus 12 cents as forecast by analysts polled by Refinitiv. The company did not provide any updated financial forecast nor comment on its treadmill recall.
Expedia — The travel platform’s stock rose 6.9% after it reported a first-quarter adjusted loss of $2.02 per share on revenues of $1.25 billion. Analysts had expected a loss per share of $2.31 on revenues of $1.12 billion, according to Refinitiv.
Beyond Meat — Shares of the plant-based meat maker fell 6.5% after it reported a wider-than-expected loss in the three months ended March 31 as diners take longer to return to restaurants and grocery shoppers slowed coronavirus-era stockpiling.
Dropbox — Dropbox shares rose 2.3% after the cloud-storage company reported first-quarter earnings of 35 cents per share on revenue of $512 million. Analysts polled by Refinitiv had expected a profit of 31 cents per share on revenue of $505 million.
TripAdvisor — TripAdvisor fell 6.1% after it reported a first-quarter loss of 39 cents per share, excluding one-time items, on revenue of $123 million. Analysts had expected a loss per share of 32 cents on revenue of $121 million, according to Refinitiv.
Bill.com — Shares of Bill.com rallied more than 15% after the financial software company announced it will acquire Divvy — an expense management software maker — for about $2.5 in a cash-and-stock deal. The deal is expected to close in Bill.com’s fiscal first quarter, which ends on Sept. 30.
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