Pedestrians walk past a Shake Shack location in New York.
Scott Mlyn | CNBC
Check out the companies making headlines after the bell:
Shake Shack shares tumbled more than 14% during extended trading after the burger chain reported a third-quarter earnings beat but weaker-than-expected same-store sales. The company posted earnings of 26 cents per share, exceeding the earnings of 20 cents per share Wall Street expected, according to Refinitiv. Shake Shack matched revenue estimates at $157.8 million.
Same-store-sales increased by 2%, falling short of the 2.5% increase analysts had forecast. Shake Shack expects between 40 and 42 new domestic company-operated stores and between 20 and 25 new licensed stores to be opened in the 2020 fiscal year, the company detailed in its preliminary outlook.
Myriad Genetics shares plummeted more than 30% after the company reported first-quarter earnings that missed expectations, lowered its full-year outlook and issued weak guidance for its second quarter. The diagnostic company reported first-quarter earnings of 8 cents per share on revenue of $186.3 million, falling short of the numbers expected by Wall Street of 32 cents per share earnings and revenue of $202.1 million, according to Refinitiv consensus estimates.
“We had a challenging start to fiscal year 2020 as hereditary cancer revenue accrual from small payers was impacted by the deletion of the historical hereditary cancer CPT codes,” said President and CEO Mark Capone. “Despite this setback, we expect earnings to be significantly higher in the second half of the fiscal year and believe that a number of important upsides will materialize during the fiscal year generating momentum as we transition into fiscal year 2021.”
Shares of Uber dipped 5% after the company topped expectations for its third-quarter earnings. The ride-hailing giant reported a loss of 68 cents per share on revenue of $3.81 billion, better than the 81 cent loss per share and revenue of $3.69 billion analysts anticipated.
The company’s take rate, or adjusted net revenue as a percentage of gross bookings, also came in better than expected. Uber’s monthly active platform consumers (MPACs) and gross bookings, however, fell short of estimates.
RealReal shares initially jumped 6% before settling back around the closing price after the company reported a third-quarter earnings beat. The luxury consignment platform reported a loss per share of 27 cents on revenue of $80.5 million, which was better than the 31 cent loss per share and revenue of $75.9 million analysts expected, according to Refinitiv.
Shares of Marriott slipped more than 3% after the bell following the company’s mixed third-quarter earnings. The hotel giant posted earnings of $1.47 per share, falling just short of the $1.49 estimated. Revenue came in at $5.28 billion, exceeding the $5.13 billion in revenue analysts expected, according to Refinitiv consensus estimates.
Marriott’s revenue per available room increased by 1.5%, though the company also expects its full-year 2020 RevPAR to rise up to 2% worldwide.
Shares of Hasbro slipped nearly 3% after the toy-maker announced a new issuing of $875 million shares of its common stock. Hasbro said it will use the proceeds from the offering in its proposed acquisition of television production company Entertainment One. Bank of America Securities, J.P. Morgan Securities and Citigroup Global Markets will act as joint book-running managers for the offering, Hasbro detailed in a press release.