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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.

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