Zoom CEO Eric Yuan speaks ahead of the Nasdaq opening ceremony in New York on April 18, 2019.
I have Betancur | Getty Images
Check out the companies that make news after the bell on Monday:
Zoom Video: Zoom shares fell 1.3% after the Wall Street Journal reported that founder Eric Yuan transferred approximately 40% of his stake in the company to two unspecified recipients. The stake is valued at about $ 6 billion.
Stitch Fix: Styling service shares fell 20.8% on the news that the company cut its revenue forecast for the year. Now the company expects revenue for fiscal year 2021 to grow by between 18% and 20%. This has decreased compared to a previous orientation of 20% to 25% growth. The company also presented mixed second-quarter tax results. Stitch Fix reported $ 504 million in revenue per share of $ 204 million. Analysts polled by Refinitiv expected earnings per share of 22 cents of $ 512 million in revenue.
Guests: Molecular Diagnostic Company shares rose 4.7% after Ark Investment Management founder Cathie Wood said it keeps rising. Wood added that the company is “probably one of the most important companies in the genomic revolution.”
Del Taco: The restaurant chain’s shares rose 2.2% after the company reported better-than-expected results for the fourth quarter. Del Taco reported earnings per share of $ 206.7 million in cents. Analysts surveyed by FactSet expected earnings per share of 14 cents in revenue of $ 156.1 million.
MoneyGram International: Shares of the money transfer company fell 6.8% on news that the company ended its partnership with payments and cryptocurrency company Ripple. In a statement, Ripple said, “We still believe in the promise of digital assets and blockchain technology to change the status quo of global payments.”