Market Insider

In this article

Disney store is seen in Times Square, New York City.
Nick Pfosi | Reuters

Check out the companies making headlines after the bell Wednesday

Walt Disney — Shares of the entertainment company jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the previous quarter. Subscriptions came in at 152.1 million, above the expected 147.76 million according to StreetAccount. Disney’s earnings per share and revenue also topped estimates.

Sonos — Shares of the wireless home sound system maker cratered more than 19% after the company slashed its full-year guidance amid a challenging macro environment. Sonos’ earnings and revenue for the previous quarter also missed expectations.

Bumble — Bumble slumped more than 13% after slashing its guidance for the full year despite a revenue beat for the previous quarter. The company cited inflation and foreign exchange headwinds among the reasons for the forecast cut.

Vacasa — The vacation rental management stock soared 42% on the back of an unexpected profit of 2 cents per share. Analysts had expected a loss of 20 cents per share, according to Refinitiv. Vacasa also shared solid guidance for the current period.

Articles You May Like

The AI Stocks Poised to Dominate the Market by 2025
Santa Rally 2024: Why the Bulls Should Charge Through December
These economists say artificial intelligence can narrow U.S. deficits by improving health care
How GE Vernova plans to deploy small nuclear reactors across the developed world
Tech stocks hit first all-time high since July