Yahoo Finance Carvana, Etsy, Teladoc: After-hours movers
It's earnings season, which means a number of stocks are moving in after-hours trading.
Carvana (CVNA) shares surged after posting a surprise profit in the second quarter. The auto retailer sold 101,440 vehicles in the quarter, an increase of 33% from the prior year.
Etsy (ETSY) is on the move after reporting its second quarter results. Revenue topped estimates but the company warned that its gross merchandise sales are likely to decline year over year in Q3.
Teladoc (TDOC) shares are falling sharply on its second quarter report. The company withdrew its full-year 2024 outlook for its consolidated operations and BetterHelp segment.
Yahoo Finance anchor Julie Hyman breaks the reports down in the video above.
For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend
This post was written by Stephanie Mikulich.
Video transcript
Let's take a look at what is trending after hours start with Carvana.
Those shares are surging after the company topped Wall Street estimates for the second quarter.
The used car retailer delivering a surprise profit with an earnings per share of 14 cents.
That's compared to the expected loss per share of nine cents, cars, retail, vehicle unit sales and gross profit per unit also topping the streets expectations.
We're also looking shares of those shares little changed at the moment after the company second quarter revenue topped estimates of the number of active buyers came in lower than expected.
Company also expecting the gross merchandise sales in the upcoming quarter will decline on a year over year basis.
And the announcing a Chief Financial Officer Rachel Glazer will step down after more than seven years in that role.
By the way, will be speaking with the CEO of S Silverman tomorrow in our three pm Eastern hour for more on those numbers.
Teladoc shares also on the list here they are sinking after second quarter results revenue missed estimates as the company notes continued headwinds in the better health segment.
T do also withdrawing its full year financial outlook for consolidated operations and for that better help business the shares down 12%.
