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Question: CNBC
Find out which companies made the headlines after the Monday bell.
Kansas City Southern – The rail holding company is up 6.2% amid reports that the Canadian Pacific Railway plans to make an increased bid of $ 300 per share in a cash transaction and in actions. People familiar with the situation confirmed the offer to CNBC on Monday.
AMC Entertainment – AMC stock jumped 6.7% after its earnings report released on Monday afternoon. He reported a loss of 71 cents per share, which was lower than the 91 cents per share expected by analysts. The movie chain reported revenue of $ 444.7 million, higher than analysts’ expected $ 382.1 million. “AMC’s journey through this pandemic is not over, and we are not out of the woods yet,” CEO Adam Aron said in a statement on Monday.
The RealReal – Shares of the luxury consignment brand are down 5.7% after reporting a quarterly loss, although it was still lower than analysts’ estimates of 97 cents. The company had a strong gross merchandise value of $ 350 million, up 91% year-over-year and said that by resuming home appointments, the number of units per appointment you exceeded pre-pandemic levels. Still, the company missed its revenue forecast.
Planet Fitness – The fitness stock fell 4.3% after the release of its quarterly results. Planet Fitness missed earnings per share by 2 cents but beat earnings, according to Refinitiv. It also announced that it will expand its presence in Mexico and plans to open 80 new stores over the next five years.
Chegg – Education tech firm Chegg’s share is up 3% in extended trading following strong quarterly earnings report that beat both earnings per share and earnings . The company reported earnings of 43 cents a share, beating estimates of 6 cents.
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