Take a look at the companies that made headlines after the bell: GameStop – The gaming retailer traded 7% lower after mixed second-quarter results. While revenue fell to $798 million from $1.16 billion a year ago, GameStop said net income rose to 4 cents per share, compared with a loss of 1 cent per share a year ago. The company also announced it would sell up to 20 million shares of Class A common stock through Jefferies. Petco Health and Wellness – Shares rose 4% after the pet retailer reported second-quarter profit in line with expectations, while Petco’s revenue of $1.52 billion was slightly lower than the $1.53 billion surveyed by LSEG analysts had expected. For the third quarter, the company expects an adjusted loss of 3 to 4 cents per share, while analysts had estimated a loss of 4 cents per share. Dave & Buster’s Entertainment – Shares of the arcade chain rose 8% after Dave & Buster’s posted earnings per share of 99 cents, while analysts surveyed by LSEG expected just 84 cents. However, the company’s revenue of $557 million fell short of the expected $561 million. Morgan Stanley – Bank stocks fell 1% after a downgrade to neutral from buying at Goldman Sachs. Goldman analyst Richard Ramsden wrote that he sees more challenges for the bank in the short term.
Stocks that make the biggest moves after hours: WOOF, PLAY, MS
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