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Shares making the most important strikes after the bell: Lordstown Motors, eBay, Sonos and extra

eBay headquarters in San Jose, California, U.S., on Monday, Aug. 9, 2021.

David Paul Morris | Bloomberg | Getty Photographs

Try the businesses making headlines after the bell Wednesday:

eBay — Shares of eBay are down 2.4% after the corporate reported disappointing income for the second quarter. EBay posted $2.67 billion in income for the quarter, lacking a Refinitiv forecast of $three billion. Gross merchandise quantity additionally fell 7% on a year-over-year foundation to $22.1 billion, and its third-quarter outlook fell mild on each earnings and income.

Sonos — The maker of audio merchandise noticed its inventory bounce 7% following its earnings report, which got here in at 12 cents per share. Analysts polled by Refinitiv anticipated a lack of 17 cents per share. Sonos additionally recorded sturdy revenues of $378.7 million, in contrast with an estimate of $313.6 million. CEO Patrick Spence mentioned in a press release that “with extra video content material going direct-to-home, customers are demanding a theater-like audio expertise within the dwelling.”

Rackspace Expertise — Shares of the cloud know-how companies firm fell greater than 5% after a disappointing third-quarter forecast overshadowed stronger-than-expected outcomes for the earlier quarter. The corporate mentioned it expects third-quarter income to vary between $750 million and $760 million. That is beneath a StreetAccount estimate of $763.2 million. Rackspace did beat the Avenue on second-quarter earnings and income, which have been 24 cents per share and $744 million, respectively.

Lordstown Motors — The electrical automobile maker’s inventory rose practically 4.5% regardless of the corporate posting a bigger-than-expected loss for the second quarter. Lordstown reported a lack of 61 cents per share. That is bigger than the 49 cents per share analysts polled by Refinitiv anticipated. Lordstown mentioned it nonetheless plans to start out manufacturing on its electrical truck in September, with preliminary deliveries starting within the first quarter of 2022.


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