Market Reactions: After-Hours Trends for Bumble, Dutch Bros, and Zillow

Wednesday, 7 August 2024, 22:10
In after-hours trading, Bumble (BMBL) and Dutch Bros (BROS) experienced significant declines following disappointing revenue projections. Bumble fell short in its Q3 revenue guidance, leading to a drop in shares, while Dutch Bros, despite raising its full-year revenue outlook, also did not meet analysts' expectations. Conversely, Zillow (Z) saw a rise in its stock following a strong Q2 earnings report and a leadership change, with COO Jeremy Wacksman set to become CEO. Overall, investors should remain cautious while monitoring these developments.
Yahoo Finance
Market Reactions: After-Hours Trends for Bumble, Dutch Bros, and Zillow

Market Updates on Major Stocks

Asking for a Trend Host Josh Lipton breaks down some of the biggest names moving in after-hours trading.

  • Bumble (BMBL)

    The online dating platform is facing a significant decline in shares after issuing its Q3 revenue guidance, which was short of Street estimates.

  • Dutch Bros (BROS)

    Similarly, Dutch Bros' stock is sinking following an announcement to raise its full-year revenue guidance, although it still fell short of analyst expectations.

  • Zillow (Z)

    In contrast, Zillow's shares are climbing after its second quarter earnings topped estimates, and COO Jeremy Wacksman is set to replace co-founder Rich Barton as CEO.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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