After-hours movers: Sonos, Disney fall following results; Unity, Beyond Meat gain
After-Hours Stock Movers:
Sonos (NASDAQ: SONO) 20% LOWER; reported Q2 EPS of $0.04, $0.31 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $304.2 million versus the consensus estimate of $295.93 million. Sonos sees FY2023 revenue of $1.625-1.675 billion, versus the consensus of $1.73 billion
CareDx (NASDAQ: CDNA) 13% LOWER; reported Q1 EPS of ($0.11), $0.21 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $77.26 million versus the consensus estimate of $80.7 million. CareDx is withdrawing 2023 revenue guidance at this time given a multitude of unknown variables related to the March and May 2023 Billing Article revisions.
Unity Software Inc. (NYSE: U) 11% HIGHER; reported Q1 EPS of ($0.67), versus ($0.60) reported last year. Revenue for the quarter came in at $500 million versus the consensus estimate of $481.46 million. Unity Software Inc. sees Q2 2023 revenue of $510-520 million, versus the consensus of $497 million. Unity Software Inc. sees FY2023 revenue of $2-2.2 billion, versus the consensus of $2.13 billion.
Beyond Meat (NASDAQ: BYND) 9% HIGHER; reported Q1 EPS of ($0.92), $0.10 better than the analyst estimate of ($1.02). Revenue for the quarter came in at $92.2 million versus the consensus estimate of $91.7 million. Beyond Meat sees FY2023 revenue of $375-415 million, versus the consensus of $390.5 million.
Walt Disney (NYSE: DIS) 4% LOWER; reported Q2 EPS of $0.93, $0.02 worse than the analyst estimate of $0.95. Revenue for the quarter came in at $21.82 billion versus the consensus estimate of $21.8 billion.
