Cerebras Systems Inc. Class A Common StockQ2 revenue missed consensus, causing shares to tumble 14%.
Several companies saw notable after-hours stock moves following their latest earnings reports. Cerebras Systems tumbled 14% after second-quarter revenue of $180 million missed the $194 million LSEG consensus estimate. StubHub lost more than 15% as adjusted gross margin of 82.2% fell short of the 84.3% StreetAccount consensus, though it reaffirmed its full-year adjusted EBITDA outlook. Jack in the Box gained more than 1% after fiscal third-quarter earnings of 96 cents per share beat the 88-cent FactSet estimate, while Red Robin Gourmet Burgers rose nearly 2% on better-than-expected second-quarter results. Coherent slipped almost 3% despite first-quarter guidance above expectations, and Cisco Systems fell 3% after adjusted gross margin only narrowly beat estimates.
Cerebras Systems Inc. Class A Common StockQ2 revenue missed consensus, causing shares to tumble 14%.
Coherent IncCoherent slipped almost 3% despite first-quarter guidance above expectations, indicating market disappointment.
Jack in the Box Inc.Jack in the Box gained more than 1% after fiscal third-quarter earnings beat estimates.
Red Robin Gourmet Burgers IncRed Robin Gourmet Burgers rose nearly 2% on better-than-expected second-quarter results.
StubHub Holdings, Inc.StubHub lost more than 15% as adjusted gross margin fell short of consensus, despite reaffirming full-year outlook.
Cisco Systems IncCisco Systems fell 3% after adjusted gross margin only narrowly beat estimates.