A screen displays GameStop’s logo and business information on the floor of the New York Stock Exchange (NYSE) on March 29, 2022.
Brendan McDermid | Reuters
Here are the stocks that made notable moves on Wednesday night.
GameStop – Shares of the video game retailer jumped 11% after the company announced its second quarter results and a partnership with crypto exchange FTX. GameStop reported net revenue of $1.136 billion for the quarter, compared to $1.183 billion a year earlier, and a net loss of $108.7 million. (CNBC doesn’t compare results to estimates because few analysts cover GameStop.)
American Eagle Outfitters – The retailer fell 12% after American Eagle’s second-quarter results fell short of expectations. The company reported adjusted earnings per share of 4 cents, while analysts polled by Refinitiv estimated 13 cents per share. Revenue met expectations of $1.2 billion.
Dave & Buster’s – The restaurant chain slid 2% after reporting second-quarter earnings per share of 59 cents, below the $1.07 expected by analysts, according to Refinitiv. The company beat revenue estimates and said business continued to improve at the start of the third quarter.
Asana — Communications software stock soared 17% after better-than-expected second-quarter results. Asana posted an adjusted loss of 34 cents per share on revenue of $134.9 million. Analysts polled by Refinitiv had expected a loss of 39 cents per share on $127.2 million in revenue. Third-quarter revenue forecasts also beat estimates.