Shares making the largest strikes after hours: Past Meat, Coinbase, Etsy and extra
Past Meat “Past Burger” patties comprised of plant-based substitutes for meat merchandise sit on a shelf on the market in New York Metropolis.
Angela Weiss | AFP | Getty Pictures
Take a look at the businesses making headlines after the bell:
Beyond Meat — Shares of the meat different producer tumbled greater than 11% in prolonged buying and selling after the corporate reported a wider-than-expected loss and shrinking income for its fourth quarter. Past Meat additionally launched a weak forecast for its 2022 income.
Coinbase — Shares of the crypto buying and selling platform dipped greater than 5% in after-hours buying and selling even after the corporate reported fourth-quarter earnings that beat analyst estimates. The corporate predicted that retail Month-to-month Transaction Customers and complete buying and selling quantity could be decrease in Q1 2022 in contrast with This autumn 2021.
Etsy — The web market noticed its inventory pop a whopping 15% after the corporate beat analysts’ estimates for the fourth quarter. Etsy reported earnings of $1.11 per share for the December quarter, forward of analysts’ consensus expectations of 79 cents, in line with Refinitiv. Its quarterly income additionally got here in above expectations.
KAR Auction Services — Shares of the used automobile firm soared greater than 60% in prolonged buying and selling after it stated it has agreed to be acquired by Carvana in a $2.2 billion all-cash deal. Carvana, which additionally reported a wider-than-expected loss for the fourth quarter, noticed its inventory fall greater than 10% in after-hours buying and selling.