Stocks making the biggest moves after hours: Chewy, Dave & Busters, Vertex Pharmaceuticals and more

Market Insider

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A dog hi-fives it’s owner in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019.
Michael Nagle | Getty Images

Check out the companies making headlines after the bell

Chewy — Shares of Chewy fell about 2% after hours despite the company’s first-quarter financial results beating Wall Street’s estimates. The pet-product retailer reported first-quarter earnings of 9 cents per share on revenue of $2.14 billion. Analysts were looking for a loss of 3 cents per share on revenue of $2.13 billion, according to Refinitiv.

Dave & Buster’s — Dave & Buster’s shares jumped 5% in extended trading after the restaurant and entertainment company reported first-quarter earnings topping analysts’ expectations. Dave & Buster’s saw quarterly earnings of 40 cents per share, while analysts projected a loss of 16 cents per share, according to Refinitiv. The company’s first-quarter revenue also beat the Street’s projections.

Vertex Pharmaceuticals — Shares of Vertex Pharmaceuticals tumbled 13% in after-hour trading after the company announced it would end its development of VX-864, a liver-disease drug. Vertex said in a press release that “the magnitude of treatment effect observed in this study is unlikely to translate into substantial clinical benefit.”

AMC Entertainment — Shares of AMC Entertainment dropped 1% in extended trading after retail favorites hit a wall during the regular session. The stock saw a massive rally recently, but is down more than 10% this week. Still, AMC shares are 1,919% higher in 2021.

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