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Shares making the largest strikes after hours: DoorDash, Past Meat, AMC, Virgin Galactic & extra

A DoorDash signal is pictured on a restaurant on the day they maintain their IPO in New York, December 9, 2020.

Carlo Allegri | Reuters

Take a look at the businesses making headlines after the bell

DoorDash — Shares of the meals supply firm popped 12% after a income beat. DoorDash reported income of $1.61 billion within the second quarter, greater than the $1.52 billion analysts had been anticipating, in accordance with Refinitiv. DoorDash stated the overall variety of orders it delivered grew 23% yr over yr to 426 million, an all-time excessive. It did report a loss bigger than anticipated for the quarter, nevertheless.

Past Meat — The choice meat producer’s shares fell greater than 2% after the corporate lowered its income forecast for 2022. Past Meat additionally introduced it would trim its workforce by 4%, citing broader financial uncertainty. Past reported second-quarter web lack of $97.1 million, or $1.53 per share, wider than a web lack of $19.7 million, or 31 cents per share, a yr earlier.

AMC Leisure — Shares of the movie show chain dropped 4% after the corporate stated it plans to challenge a dividend to shareholders within the type of most popular shares listed on the NYSE beneath the ticker APE. The title is a nod to its retail buyers who supported the corporate through the meme-stock mania.

Virgin Galactic — The house inventory tumbled greater than 7% in after-hours buying and selling after the corporate’s quarterly report. Virgin Galactic posted a web lack of $111 million within the second quarter, in comparison with a $94 million web loss in the identical interval a yr in the past. The corporate additionally delayed its business service launch to the second quarter of 2023.

Warner Bros. Discovery — Shares of the media large fell 9% after the mixed firm disclosed a complete direct-to-consumer subscriber base of 92.1 million. It marked the primary time the corporate reported quarterly earnings since WarnerMedia and Discovery merged earlier this yr.

This text was initially revealed by cnbc.com. Learn the unique article right here.

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