The Lyft brand is seen on electrical bicycles in Oakland, California.
David Paul Morris | Bloomberg | Getty Photographs
Try the businesses making headlines after the bell Tuesday:
Mattress Bathtub & Past — Mattress Bathtub & Past shares soared 74% after the corporate introduced numerous strategic adjustments to hurry up progress, together with a partnership with Kroger, the most important grocery chain within the U.S. Kroger’s on-line prospects can have entry to Mattress Bathtub’s merchandise.
T-Cellular US — Shares of T-Cellular rose greater than 2% in prolonged buying and selling after the telecom firm posted a stronger-than-expected revenue for the earlier quarter. T-Cellular earned 55 cents a share, topping a Refinitiv forecast of 53 cents per share. Nevertheless, the corporate’s income got here in at $19.62 billion. Analysts anticipated gross sales of $20.19 billion, in accordance with Refinitiv.
Lyft — Lyft jumped 10.3% after reporting better-than-expected third-quarter outcomes. The ridesharing firm posted a revenue of 5 cents per share, whereas analysts polled by Refinitiv had forecast a lack of 3 cents per share. The corporate’s income of $864.4 million was simply above expectations. Income per lively rider — a key metric for the corporate — additionally beat a StreetAccount estimate. To make certain, Lyft’s 18.94 million lively riders was beneath a consensus forecast of 19.7 million.
Activision Blizzard — The online game firm reported better-than-expected quarterly earnings.. Activision earned 72 cents per share, whereas analysts polled by Refinitiv anticipated a revenue of 70 cents. It additionally reported income of $1.88 billion, proper in keeping with analysts’ expectations. Activision shares, nevertheless, have been down practically 10% after the bell.
Caesars Leisure — The on line casino and leisure large noticed its shares fall practically 6% after reporting EBITDA of $882 million, falling wanting a $937 million StreetAccount estimate. Caesars mentioned its outcomes have been pressured by a loss in its digital enterprise. The corporate has mentioned it plans to take a position extra in digital sports activities betting and iGaming.
Zillow — Zillow shares fell 8% after the actual property firm introduced it is closing its house shopping for and flipping enterprise. The corporate additionally mentioned it is eliminating 1 / 4 of its workforce.