Yahoo Finance Live anchor Seana Smith breaks down the after hours action for several trending stocks.
SEANA SMITH: Dave, a bit of losses here for Coinbase on the heels of its earnings report after hours action. You can see the stock moving to the downside, off just about 5 and 1/2%. The soft crypto market weighing on the company here in its latest quarter, missing on both the top and the bottom lines. A wider than expected loss of 498. Trading volume also coming up a bit short at 217 billion.
Let's take a look at Roblox. Again, a mover here to the downside with shares off just over 12%, dropping on 2Q booking, missed a key sales metric here for analysts for the quarter. Bookings here coming in at 639.9 million. That's a decrease of about 4% from a year ago, a loss of $0.30 wider than what the Street was expecting. Average daily active users of 52.2 million, a bit shy of the Street's estimates.
Let's take a look at sweetgreen, another mover here declining off just about 23%. You can see shares just below $13 a share here in after hours, cutting its full year revenue forecast, missing expectations, announcing layoffs, also saying that it's going to downsize its office space, lowering its full year guidance due to some softness that it's seeing in the industry, seeing that full year comp sales now expected to be between 13% to 19% increase. They're initially looking for a 20% to 26% increase.
Let's take a look at Trade Desk. Trade Desk here popping, shares up just about 17%. Revenue topping expectations, earnings up 11% from a year ago. Also the outlook for the third quarter expects to generate at least $385 million in sales in the third quarter. We're seeing that reflected in after hours.
And to round things out, Wynn, shares dropping here 2%, the latest quarterly results weighed down by weakness in Macau. That's leading to the revenue miss for the quarter, a loss of $0.82 a share wider than what the Street was expecting. Operating revenue of 908.8 million there, so disappointing investors. You can see shares off just about 2%, Dave.
DAVE BRIGGS: Thank you, Seana. Good stuff.