logo-loader
viewTime Warner Inc

Stitch Fix , Time Warner, AT&T and more - AFTER HOURS

A look at what was moving the needle after hours in New York

1521029779_shutterstock_108346709.jpg
A look at some of the stocks in the frame after the bell

After what was a tumultuous day for US politics, after the bell, stocks on Tuesday in focus included Stitch Fix Inc (NASDAQ:SFIX), which shed 1.94% to US$22.80 in extended trade.

The online personal shopping service missed analysts' estimates for earnings on its second financial report since going public in November.

 

Net income for the second quarter amounted to US$3.6mln, or 2 US cents per share, on US$295.9mln of revenue.

Wall Street consensus was pitched at 6 US cents per share on US$291mln of revenue, so  the market was disappointed.

During the quarter, the firm generated net income of US$3.6 million, or diluted earnings per share of US$0.02.

But non-GAAP net income, which did not include a US$1.6mln gain on remeasurement of preferred stock warrant liability and a US$4.7mln increase in tax expense resulting from recently passed US tax reform, was US$6.8 million, or diluted earnings per share of $0.07.

Elsewhere, Time Warner Inc (NYSE:TWX) shares nudged up 0.86% to US$96.99 after the bell after a U.S. district judge ruled AT&T's (NYSE:T) arguments may be included in the trial over its proposed merger with Time Warner Inc (NYSE:TWX).

Quick facts: Time Warner Inc

Price: - -

NYSE:TWX
Market: NYSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Cap-XX to acquire Murata’s supercapacitor production lines and relocate them...

Cap-XX Limited (LON:CPX) managing director, chief executive officer and founder Anthony Kongats updates Proactive on the company’s acquisition of Murata’s supercapacitor production lines which will be relocated from Japan to a new larger factory in Sydney. Cap-XX develops, manufactures and...

4 hours, 17 minutes ago

2 min read