After the market close on Tuesday, Stoke Therapeutics announced a proposed underwritten public offering of up to $75 million of its common stock. The company also intends to grant the underwriters a 30-day window to purchase up to an additional 15% of the shares in the public offering.
Several cybersecurity names are trading lower in Tuesday's after-hours session in sympathy with Palo Alto Networks, which issued weak guidance after the bell.
Matterport reported quarterly losses of 4 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $39.55 million which missed the analyst consensus estimate of $40.22 million by 1.69% and represents a 3.88% decrease over sales of $41.14 million year-over-year.
Yelp reported quarterly earnings of 37 cents per share which missed the analyst consensus estimate of $0.38 by 2.63%. The company reported quarterly sales of $342.38 million which beat the analyst consensus estimate of $341.32 million by 0.31% and is a 10.76% increase over sales of $309.1 million from the same period last year.
Apple stock popped ahead of the market close on Thursday and is continuing to move higher in the after-hours session following reports the company is preparing to release an AI tool.
Bloom Energy reported quarterly earnings of 7 cents per share which missed the analyst consensus estimate of 11 cents by 36.36%. The company reported quarterly sales of $356.92 million which missed the analyst consensus estimate of $476.28 million by 25.06% and is a 22.84% decrease over sales of $462.58 million the same period last year.
Toast reported quarterly losses of 7 cents per share which beat the analyst consensus estimate of losses of 11 cents per share by 36.36%. The company reported quarterly sales of $1.04 billion which beat the analyst consensus estimate of $1.02 billion by 1.91% and represents a 34.72% increase over sales of $769 million from the same period last year.