Finance

Chewy, Dave & Busters, Vertex Pharmaceuticals and more

chewy-dave-busters-vertex-pharmaceuticals-and-more

A dog echoes its owner in front of the New York Stock Exchange (NYSE) during the initial public offering (IPO) of Chewy Inc. in New York, the United States, on Friday, June 14, 2019.

Michael Nagel | Getty Images

Check out the companies that are making headlines after the bell:

Chewy – Chewy’s shares fell about 2% after the close of business, despite the company’s first-quarter financial results beating Wall Street estimates. The pet products retailer reported first quarter earnings of 9 cents per share on sales of $ 2.14 billion. According to Refinitiv, analysts expected a loss of 3 cents per share on sales of 2.13 billion US dollars.

Dave & Buster’s – Dave & Buster’s shares rose 5% in expanded trading after the restaurant and entertainment company announced that first quarter earnings exceeded analysts’ expectations. Dave & Buster’s posted quarterly earnings of 40 cents per share, while analysts forecast a loss of 16 cents per share, according to Refinitiv. The company’s first-quarter sales also beat Street forecasts.

Vertex Pharmaceuticals – Vertex Pharmaceuticals shares fell 13% in after-hours trading after the company announced it would discontinue development of VX-864, an anti-liver disease drug. Vertex said in a press release that “the magnitude of the treatment effect seen in this study is unlikely to translate into significant clinical benefit.”

AMC Entertainment – AMC Entertainment’s shares fell 1% in expanded trading after retail favorites hit a wall during regular trading hours. The stock has seen a massive rally recently but is down more than 10% this week. Still, AMC stocks are up 1.919% in 2021.

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Robert Dunfee