Home Top Stories T-Cell, Groupon, Zillow and extra

T-Cell, Groupon, Zillow and extra

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Try the businesses making headlines after the bell

Dropbox — The information companies firm’s inventory fell 6% throughout prolonged buying and selling regardless of beating analyst predictions for second-quarter monetary outcomes. Dropbox posted earnings of 22 cents per share excluding sure gadgets, which was 5 cents larger than analysts anticipated, in line with Refinitiv. The corporate recorded revenues of $467 million, which beat estimates of $465 million. Dropbox stated income was up 16% year-over-year.

T-Cell — Shares of the wi-fi firm climbed 5% in prolonged buying and selling after T-Cell launched its second-quarter earnings. The corporate stated it had earnings of 9 cents per share on income of $17.67 billion, which beat Wall Road’s estimates. Analysts polled by Refinitiv anticipated earnings of seven cents per share on revenues of $17.61 billion. T-Cell stated its buyer progress and Dash merger triggered the corporate to overhaul AT&T because the quantity two wi-fi supplier within the U.S.

Groupon — Shares of Groupon soared 37% after the market closed following the discharge of second-quarter monetary outcomes. Groupon stated its cost-cutting actions throughout the first half of the yr enabled the corporate to ship greater than $70 million in free money move. The corporate reported a lack of 93 cents per share on income of $396 million. Analysts anticipated a a lot wider lack of $2.75 per share on income of $183.Three million, in line with Factset.

Uber — The ride-hailing firm’s inventory dropped 3% after the closing bell. Uber reported a second-quarter lack of $1.02 per share on income of $2.24 billion. The loss was wider than analysts surveyed by Refinitiv anticipated, estimating a loss per share of 86 cents on revenues of $2.18 billion. Uber’s income was down by about 29% from the identical interval final yr as coronavirus made an influence in limiting journey.

Zillow — Shares of the true property info firm soared 11% in after-hours. Zillow reported $zero in second-quarter earnings, however beat analysts’ expectations of a lack of 48 cents per share, in line with Refinitiv. Zillow posted second-quarter income of $768 million, exceeding expectations by Wall Road for revenues of $615 million. “Zillow’s second quarter outcomes are even higher than we had hoped, and agency up our perception that highly effective tailwinds in each actual property and expertise are quickly converging, with Zillow on the nexus,” stated CEO Wealthy Barton within the earnings launch.

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