Disney, Expedia, Datadog & extra
Attendees visit the Disney + Streaming Service booth at D23 Expo on August 23, 2019 at the Anaheim Convention Center in Anaheim, California.
ROBYN BECK | AFP | Getty Images
Check out the companies that are making headlines after the bell:
Disney – Disney stocks rose 3% after reporting strong growth in paid streaming subscribers and lowering expectations in its earnings report for the first quarter of fiscal 2021. Disney said it now has nearly 95 million paid subscribers to its Disney + streaming service. It posted earnings of 32 cents per share, compared to a refinitive forecast of 41 cents per share loss.
Expedia – The travel buying company’s stock fell nearly 2% after fourth quarter results fell short of analysts’ expectations. Expedia posted a loss of $ 2.64 per share on revenue of $ 920 million. Analysts surveyed by Refinitiv estimated a loss of $ 1.97 per share on revenue of $ 1.12 billion. The travel company continues to suffer from the effects of the pandemic that kept people from traveling. CEO Peter Kern said the spike in coronavirus cases and subsequent shutdowns “affected” the company’s fourth quarter.
Datadog – The software share gained about 2% due to a stronger than expected quarterly report. Datadog achieved earnings per share of 6 cents and thus exceeded a FactSet estimate of 2 cents per share. Sales were also above expectations.
Verisign – The internet company’s shares rose 1% after posting better-than-expected earnings. Verisign reported earnings of $ 1.38 per share for the fourth quarter, beating a FactSet estimate of $ 1.33 per share. As expected, sales were $ 310 million.
Affirm – Affirm shares fell 8% even after the company posted better-than-expected sales in the second quarter of fiscal. The company had sales of $ 204 million, while analysts polled by Refinitiv had forecast $ 189.2 million. It was not clear whether Affirm’s earnings per share were comparable to a refinitive estimate.