DoorDash reported revenue of $1.61 billion in the second quarter. Shares of the food delivery company popped 12% after a revenue beat. Beyond Meat's shares fell more than 2% after the company lowered its revenue forecast for 2022. The alternative meat producer also announced it will trim its workforce by 4%.

Virgin Galactic posts a net loss of $111 million in the second quarter, compared to a $94 million net loss in the same period a year ago. AMC Entertainment plans to issue a dividend to shareholders in the form of preferred shares listed on the NYSE under the ticker APE. The name is a nod to its retail investors who supported the company during meme-stock mania.

Shares of the media giant fell 9% after the combined company disclosed a total direct-to-consumer subscriber base of 92.1 million. It marked the first time the company reported quarterly earnings since WarnerMedia and Discovery merged earlier this year. The company also delayed its commercial service launch to the second quarter of 2023.
Posted by
Tap to Copy the Short Url to This Post: 
One-Stop Business News backed by Mark Cuban. Free to Use →