Zoom CEO Eric Yuan speaks before the opening ceremony of the Nasdaq bell in New York, on April 18, 2019.
Got Betancur | Getty Images
Check out the companies that make headlines after the bell on Monday:
Zoom Video – Zoom’s stock fell 1.3% after The Wall Street Journal reported that founder Eric Yuan transferred about 40 percent of his shares in the company to two unspecified recipients. The stake is estimated at about $ 6 billion.
Stitch Fix – The shares of the styling service decreased by 20.8% when they learned that the company had reduced its revenue forecasts for the fiscal year. The company now expects revenues for fiscal year 2021 to grow between 18% and 20%. This has decreased from previous growth guidelines from 20% to 25%. The company also recorded mixed fiscal results in the second quarter. Stitch Fix posted $ 204 million in earnings per share of revenue of $ 504 million. Analysts surveyed by Refinitiv were expecting losses of 22 cents a share on revenue of $ 512 million.
Guests – The shares of the molecular diagnostics company rose 4.7% after Ark Investment Management founder Cathie Wood said it remains on the stock. Wood added that the company is “probably one of the most important companies in the genomic revolution.”
Del Taco – The restaurant chain’s shares rose 2.2% after the company reported better-than-expected results for the fourth quarter. Del Taco posted earnings of 20 cents on revenue of $ 156.7 million. Analysts surveyed by FactSet expected earnings per share of 14 cents on revenue of $ 156.1 million.
MoneyGram International – The shares of the money transfer company fell by 6.8% when the company ended its partnership with the payment and cryptocurrency company Ripple. In a statement, Ripple said: “We still believe in the promise of digital assets and blockchain technology to change the status quo in global payments.”