DoorDash’s sign is pictured inside a restaurant on the day of its IPO in New York, 2020. December 9
Carlo Allegri | Reuters
Check out the companies that are featured in the headlines below the bell:
DoorDash — The food delivery company’s shares rose 12% after that. income whipping. DoorDash reported revenue of $1.61 billion in the second quarter, according to Refinitiv. DoorDash said its total delivered orders rose 23% year-over-year to 426 million, an all-time high. But it reported a bigger-than-expected quarterly loss.
For meat — The alternative meat producer’s shares fell more than 2 percent after the company lowered its revenue forecast for 2022. Beyond Meat also announced it will cut its workforce by 4%, citing increased economic uncertainty. In addition, the net loss for the second quarter amounted to 97.1 million. $1.53 per share, up from $19.7 million. A net loss of $31, or 31 cents per share, a year earlier.
AMC entertainment – Shares of the cinema chain fell by 4 percent. after the company announced plans to pay dividends to shareholders. in the form of preferred shares listed on the NYSE under the ticker APE. The name is a nod to the retail investors who backed the company during the meme stock craze.
Virgin Galactic — Space shares tumble more than 7% after the company’s quarterly report. Virgin Galactic suffered a loss of 111 million in the second quarter. USD net loss compared to 94 mln. USD net loss in the same period a year ago. The company also postponed the launch of commercial services to the second half of 2023. quarter.
Warner Bros. Discovery”. – The media giant’s shares fell 9% after the combined company disclosed a total of $92.1 million. direct consumer subscriber base. It was the first time the company reported quarterly earnings since the merger between WarnerMedia and Discovery earlier this year.