Media giant 21st Century Fox saw shares dip after the closing bell Monday when an earnings call with executives revealed challenges to the company’s future growth.
The Murdoch-run production company behind Fox Sports and Searchlight films reported quarterly earnings that met analyst expectations and revenue that fell slightly short of estimates. But in a conference call, the company’s leadership listed headwinds like foreign currency impacts and content production shortfalls that could dampen future earnings.
Yelp’s stock ticked up after hours, regaining some of its losses after asurprise earnings release earlier Monday.
After a coding error by a vendor, the local-review platform reported ahead of its planned Monday afternoon release, beating earnings estimates by a penny per share, when factoring in stock-based compensation. But Yelp said it expects adjusted earnings before interest, taxes, depreciation and amortization to fall between $10 million and $12 million for the first quarter of 2016, below the $20.8 million EBITDA expected by StreetAccount. In a conference call, executives said the EBITDA was weighed by marketing costs.
Shares of retailer Gap popped in extended trade after the company reported January sales figures.
The apparel brand reported fourth-quarter sales of $4.39 billion, below the $4.46 billion expected by Thomson Reuters. Same-store sales were down 8 percent.
Ecommerce software company Demandware saw shares slide after the bell, ahead of its earnings release on Tuesday. Fellow enterprise software companies, like Tableau, saw sharp stock declines after their earnings last week.
Shares of American automaker General Motors gave up gains after the bell. The company’s Buick brand was the subject of a Superbowl advertisement Sunday that featured a “spunky” new convertible aimed at millennials. Shares rose 0.49 percent in the regular session, on a day major indices closed down more than 1 percent.
— CNBC’s Josh Lipton, Michelle Castillo and Sarah Whitten contributed to this report.