Check out the companies that made headlines after the bell: GameStop — The toy retailer traded 7% lower after posting 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 a share from a loss of 1 cent a share a year ago. The company also announced it will sell up to 20 million shares of its Class A common stock through Jefferies. Petco Health and Wellness — Shares rose 4% after the pet retailer posted second-quarter earnings that were in line with expectations, while Petco’s revenue of $1.52 billion was slightly below the $1.53 billion expected by analysts polled by LSEG. For the third quarter, the company expects to report an adjusted loss of between 3 cents and 4 cents a share, while analysts had estimated a loss of 4 cents a share. Dave & Buster’s Entertainment — The arcade chain’s stock rose 8% after Dave & Buster’s reported earnings per share of 99 cents, compared with analysts polled by LSEG expecting just 84 cents. However, the company’s revenue of $557 million missed expectations of $561 million. Morgan Stanley — The bank’s stock fell 1% after Goldman Sachs downgraded it to neutral from buy. Goldman analyst Richard Ramsden wrote that he sees more challenges ahead for the bank.
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Stocks that made the biggest moves after hours: WOOF, PLAY, MS
