Try the businesses making headlines after the bell : GameStop — The gaming retailer was buying and selling 7% decrease after posting combined second-quarter outcomes. Whereas income fell to $798 million from $1.16 billion a yr in the past, GameStop mentioned web revenue rose to 4 cents per share from a lack of 1 cent per share a yr in the past. The corporate additionally introduced it will promote as much as 20 million shares of its class A standard inventory by way of Jefferies. Petco Well being and Wellness — Shares rose 4% after the pet retailer posted second-quarter earnings that got here in step with expectations, whereas Petco’s income of $1.52 billion was barely beneath the $1.53 billion analysts surveyed by LSEG had anticipated. For its third quarter, the corporate expects to submit an adjusted lack of 3 cents to 4 cents per share, whereas analysts had estimated a lack of 4 cents per share. Dave & Buster’s Leisure — The arcade chain’s inventory climbed 8% after Dave & Buster’s posted earnings per share of 99 cents, whereas analysts polled by LSEG had anticipated simply 84 cents. Nonetheless, the corporate’s income of $557 million got here beneath the forecast $561 million. Morgan Stanley — The financial institution inventory fell 1% following a downgrade to impartial from purchase at Goldman Sachs. Goldman analyst Richard Ramsden wrote that he sees extra near-term challenges for the financial institution.
