Take a look at the businesses making headlines after the bell on Wednesday:
Etsy — Shares of Etsy slid 7% regardless of the corporate its outcomes beating high and bottom-line estimates for the primary quarter. The e-commerce firm earned $1 per share, in comparison with the 88-cent per share revenue analysts surveyed by Refinitiv had been anticipating. Income got here in at $551 million, additionally forward of the anticipated $530 million.
Sunrun — The photo voltaic firm’s inventory gained greater than 3% in prolonged buying and selling on the again of Sunrun’s first-quarter outcomes. The corporate misplaced 12 cents per share on $334.8 million in income. Analysts surveyed by FactSet had been anticipating the corporate to lose 9 cents per share and report $322.3 million in gross sales.
Fastly — Shares of Fastly dropped greater than 14% after the corporate posted disappointing outcomes for the earlier quarter. The content material supply firm misplaced 12 cents per share excluding objects and reported income of $84.9 million. Analysts surveyed by Refinitiv anticipated an 11 cent loss and $85.1 million in income.
Zynga — Zynga shares gained 5% after the discharge of the corporate’s newest quarterly replace. The sport developer reported first-quarter bookings of $720 million, in comparison with the $684.6 million print analysts surveyed by FactSet had been anticipating.
Moderna — Shares superior 1% after the corporate mentioned its Covid booster shot generates a promising immune response towards variants present in South Africa and Brazil. The early knowledge relies on outcomes from an ongoing scientific trial.
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