Walt Disney Co, Netflix, Pricelink Group, TripAdvisor - AFTER HOURS

We take a look at the movers and shakers after hours in New York

Woman looking at laptop
Disney said it will start its own streaming service

Shares in movie and entertainment behemoth Walt Disney Co (NYSE:DIS) fell 4% after hours in New York as the group reported quarterly results, in which revenue missed expectations.

The firm reported revenue of US$14.2bn in the three months to end June, little changed from last year, with theme park revenue keeping that number steady. But profits were about US$2.37bn, which was down around 9% compared to last year.

Notably, the firm is ditching its distribution deal with streamer Netflix (NASDAQ:NFLX), which shed 3.68% after hours, and going to start its own online streaming services in the US for movies, shows and sports.


Elsewhere, after the bell, car rental giant Hertz (NYSE:HTZ) jumped 4% and then eased back to be 0.60% higher as it posted an 'in-line' revenue for the quarter.

Contrast that with Avis  Budget Group (NASDAQ:CAR), which yesterday posted numbers, which missed EPS (earnings per share) and sales forecasts. Shares shed almost 10% to US$30.09 on the day Tuesday.

Fashion and watch group Fossil Group Inc (NASDAQ:FOSL) saw shares tank almost 23% after hours as it posted  a wider-than-expected loss per share and revenue that missed the Street's forecasts.

Fossil unveiled a second-quarter loss of US$344.7mln, or US$7.11 a share, from a profit of US$6mln , or 12 cents a share, a year earlier, while its finance chief is also leaving

Also heading south in after hours trade  was Pricelink Group Inc (NASDAQ:PCLN). The online fare aggregator firm shed 7.13% to US$2,049, as it reported weak guidance for its third quarter.

The sell-off also prompted another provider of discounted travel Tripadvisor (NASDAQ:TRIP) to see its shares fall - plunging 7.51% to US$39.55 after hours.

Quick facts: Netflix

Price: 429.32 USD

Market: NASDAQ
Market Cap: $188.82 billion

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