Check out the companies making headlines after the bell:
Qualcomm – The semiconductor company’s stock dropped about 4% in extended trading though the company beat analysts’ estimates on both the top and bottom lines. CFO Akash Palkhiwala said on the earnings call that there is significant uncertainty around what the coronavirus outbreak will do to the company’s supply chain, which relies heavily on China. The company reported first-quarter earnings of 99 cents a share on revenue of $5.06 billion while analysts expected 85 cents a share on revenue of $4.83 billion, according to Refinitiv.
Yum China – Shares of the fast-food restaurant company dropped 3% in extended trading despite reporting a beat on fourth-quarter earnings and delivering revenue that was in-line with estimates. The company reported earnings of 25 cents a share excluding some items on $2.03 billion in revenue, while analysts expected 19 cents a share on $2.03 billion, according to Refinitiv. The company said in a press release that it has closed more than 30% of its restaurants in China due to the coronavirus outbreak and same-store sales were down 40% to 50% during the Lunar New Year. Yum China may also experience operating losses for the first quarter of 2020 as a result of the coronavirus outbreak, according to the release.
Peloton – Shares of the fitness platform plummeted 9% in extended trading after the fitness company reported mounting losses and slower revenue growth in the second quarter. Peloton said net losses widened to $55.4 million, or 20 cents per share, from a net loss of $55.1 million a year earlier. Peloton did, however, beat analysts estimates with a second-quarter loss of 20 cents per share on revenue of $466 million while analysts expected a loss of 36 cents per share on revenue of $423 million, according to Refinitiv.
GrubHub – Shares of the online food ordering company whipsawed in extended trading before dropping more than 1% after it reported fourth-quarter results that beat on revenue but missed on earnings. GrubHub reported a loss of 5 cents per share excluding some items on revenue of $341 million while analysts expected a loss of 4 cents per share on revenue of $325 million, according to Refinitiv. Revenue guidance for GrubHub was in-line with Wall Street estimates.
IAC/InteractiveCorp – Shares of the media and internet company dropped about 2% in extended trading after it reported fourth-quarter results that missed expectations. The company reported earnings of $1.05 per share on revenue of $1.22 billion while analysts expected earnings of $1.14 per share on revenue of $1.23 billion, according to Refinitiv. Match Group stock traded lower on lighter-than-expected revenue growth for the fourth quarter, driving IAC which has agreed to spin off all of its shares of Match last December.
Zynga – Shares of the game developer rose more than 4% in extended trading after the company beat on revenue in its fourth-quarter results but missed on earnings. Zynga reported revenue of $433 million while analysts expected $419 million, according to Refinitiv. Earnings came in at $0.00 per share, while analysts expected 6 cents per share.
Fox Corp. — Shares of the media entertainment company climbed more than 3% in extended trading after reporting second-quarter results that beat on the top and bottom line. Fox reported earnings of 10 cents per share excluding certain items on revenue of $3.78 billion. Analysts expected a loss of 2 cents per share on revenue of $3.64 billion, according to Refinitiv consensus estimates.
CNBC’s William Feuer contributed to this article.
This content was originally published here.