Zoom CEO Eric Yuan speaks earlier than the Nasdaq opening bell ceremony in New York on April 18, 2019.
Kena Betancur | Getty Images
Check out the firms making headlines after the bell on Monday:
Zoom Video – Zoom inventory fell 1.3% after The Wall Street Journal reported that founder Eric Yuan transferred roughly 40% of his stake in the firm to 2 unspecified recipients. The stake is valued at about $6 billion.
Stitch Fix – Shares of the styling service plunged 20.8% on the information that the firm lowered its income forecast for the fiscal 12 months. The firm now expects income for fiscal 12 months 2021 to develop between 18% and 20%. That’s down from a earlier steering of 20% to 25% development. The firm additionally posted combined fiscal second-quarter outcomes. Stitch Fix logged losses per share of 20 cents on income of $504 million. Analysts polled by Refinitiv anticipated losses per share of 22 cents on income of $512 million.
Invitae – The molecular diagnostic firm’s inventory climbed 4.7% after Ark Investment Management founder Cathie Wood mentioned she stays bullish on the inventory. Wood added that the firm is “probably one of the most important companies in the genomic revolution.”
Del Taco – Shares of the restaurant chain gained 2.2% after the firm reported better-than-expected outcomes for the fourth quarter. Del Taco posted earnings per share of 20 cents on income of $156.7 million. Analysts surveyed by FactSet anticipated earnings per share of 14 cents on income of $156.1 million.
MoneyGram International – The cash switch firm’s shares fell 6.8% on the information that the firm is ending its partnership with funds and cryptocurrency firm Ripple. In an announcement, Ripple mentioned: “We still believe in the promise of digital assets and blockchain technology to change the status quo in global payments.”