Proactive Investors - Run By Investors For Investors

Stitch Fix , Time Warner, AT&T and more - AFTER HOURS

A look at what was moving the needle after hours in New York
Stitch Fix , Time Warner, AT&T and more - AFTER HOURS
A look at some of the stocks in the frame after the bell

After what was a tumultuous day for US politics, after the bell, stocks on Tuesday in focus included Stitch Fix Inc (NASDAQ:SFIX), which shed 1.94% to US$22.80 in extended trade.

The online personal shopping service missed analysts' estimates for earnings on its second financial report since going public in November.

 

Net income for the second quarter amounted to US$3.6mln, or 2 US cents per share, on US$295.9mln of revenue.

Wall Street consensus was pitched at 6 US cents per share on US$291mln of revenue, so  the market was disappointed.

During the quarter, the firm generated net income of US$3.6 million, or diluted earnings per share of US$0.02.

But non-GAAP net income, which did not include a US$1.6mln gain on remeasurement of preferred stock warrant liability and a US$4.7mln increase in tax expense resulting from recently passed US tax reform, was US$6.8 million, or diluted earnings per share of $0.07.

Elsewhere, Time Warner Inc (NYSE:TWX) shares nudged up 0.86% to US$96.99 after the bell after a U.S. district judge ruled AT&T's (NYSE:T) arguments may be included in the trial over its proposed merger with Time Warner Inc (NYSE:TWX).

View full TWX profile View Profile

Time Warner Inc Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use