Here’s a look at companies that made headlines after the close: GameStop — Shares fell 7% after the video game retailer reported mixed second-quarter results. Revenue fell to $798 million from $1.16 billion a year ago, but GameStop said its net income rose to 4 cents a share from a loss of 1 cent a share a year ago. The company also said it would sell up to 20 million shares of its Class A common stock through Jefferies. Petco Health & Wellness — Shares rose 4% after the pet retailer reported second-quarter profits in line with expectations, but Petco’s revenue of $1.52 billion was slightly below the $1.53 billion expected by analysts surveyed by LSEG. For the third quarter, the company now expects an adjusted loss of 3-4 cents a share, while analysts had expected a loss of 4 cents a share. Dave & Buster’s Entertainment — The arcade chain’s shares rose 8% after Dave & Buster’s reported earnings of 99 cents per share. Analysts surveyed by LSEG had expected 84 cents. But the company’s revenue of $557 million fell short of the $561 million forecast. Morgan Stanley — The bank’s shares fell 1% after Goldman Sachs downgraded it to neutral from buy. Goldman analyst Richard Lumsden wrote that the bank has further challenges in the near term.
Biggest movers in after-hours trading: WOOF, PLAY, MS
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