Stocks making the biggest moves after hours: Tencent Music, Roblox & more
16 Aug 2021
WeChat mascots are displayed inside Tencent office at TIT Creativity Industry Zone in Guangzhou, China, May 9, 2017.
Bobby Yip | Reuters
Check out the companies making headlines in after hours trading.
Tencent Music — Tencent Music shares rose roughly 1% in extended trading after the company beat on earnings but narrowly missed second-quarter revenue expectations. The company reported revenue of $8.01 billion, compared with the $8.13 billion analysts surveyed by Refinitiv were expecting. The company earned 66 cents per share, excluding items, while analysts were expecting 62 cents per share.
Roblox — Shares of the online gaming platform dipped roughly 2% after the company missed revenue expectations during the second quarter. Roblox reported revenue of $665 million, compared with the $683 million analysts surveyed by Refinitiv were expecting.
Porch Group — Porch Group shares gained more than 3% during extended trading after the company’s second-quarter results. The software name lost 17 cents per share on revenue of $51.3 million. Analysts were expecting a loss of 18 cents on $47 million in revenue, according to StreetAccount estimates.