Coinbase – Following the release of its quarterly earnings, Coinbase saw a more than 3.5% decline in after-hours trading. Due in part to the “crypto winter” experienced in the second quarter, the company fell short of analyst expectations for both revenue and earnings.
Roblox – Roblox lost nearly 14% of its value after the market closed on Tuesday because the company’s quarterly earnings fell short of Wall Street forecasts. In contrast to analysts’ expectations of a loss of 21 cents on $644.4 million in revenue, Roblox reported a loss of 30 cents per share and $639.9 million in revenue. Additionally, less than Wall Street anticipated and fewer than in the first quarter, Roblox reported 52.2 million daily active users in the third quarter.
Wynn Resorts – On Tuesday, Shares of The Gaming Company Fell More Than 2.5% After The Company Reported
Wynn Resorts – Late on Tuesday, the stock of the gaming company fell more than 2.5% after revenue projections were missed. In contrast to analysts’ expectations of a loss of $1.11 and revenue of $980.85 million, Wynn reported a loss of 82 cents per share and $908.83 million in revenue.
After the closing bell, shares of Unity Software dropped by almost 3% due to disappointing quarterly earnings that fell short of Wall Street expectations. In contrast to expectations of $299 million in revenue and a 21-cent loss, Unity reported $297 million in revenue and a 69-cent loss per share.
Sweetgreen – After-hours trading on Tuesday saw a more than 20% decline in the price of the salad company’s shares after it lowered its full-year outlook, announced 5% employee layoffs, and downgraded its office space. While the company’s reported earnings of 36 cents per share were in line with expectations, its reported revenue of $124.9 million fell short of the $130.2 million expected.