Stocks making the biggest moves after hours: Disney, Bumble, Sonos & more

Market Insider

In this article

Disney store is seen in Times Square, New York City.
Nick Pfosi | Reuters

Check out the companies making headlines after the bell Wednesday

Walt Disney — Shares of the entertainment company jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the previous quarter. Subscriptions came in at 152.1 million, above the expected 147.76 million according to StreetAccount. Disney’s earnings per share and revenue also topped estimates.

Sonos — Shares of the wireless home sound system maker cratered more than 19% after the company slashed its full-year guidance amid a challenging macro environment. Sonos’ earnings and revenue for the previous quarter also missed expectations.

Bumble — Bumble slumped more than 13% after slashing its guidance for the full year despite a revenue beat for the previous quarter. The company cited inflation and foreign exchange headwinds among the reasons for the forecast cut.

Vacasa — The vacation rental management stock soared 42% on the back of an unexpected profit of 2 cents per share. Analysts had expected a loss of 20 cents per share, according to Refinitiv. Vacasa also shared solid guidance for the current period.

Articles You May Like

Gary Gensler says he was ‘proud to serve’ as SEC chair, defends his approach to crypto regulation
Home prices only beginning to feel the bite of climate change, J.P. Morgan analysts warn
David Einhorn to speak as the priciest market in decades gets even pricier postelection
Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows
Greenlight’s David Einhorn says the markets are broken and getting worse