“Meat”
Beyond Meat, the maker of plant-based meat substitutes, IPO’d today and jumped 166% in their first day of trading to $68 a share. Not too shabby.
Meat
Shake Shack, the maker of real meat burgers, satisfied both consumers and traders as the company jumped 11% after earnings. Same-store sales, considered by many as the metric to watch for, were up 3.6% for the quarter. This is impressive when considering that analysts expected a mere 0.8% increase.
American Culture Sells
The pop culture-loving toy company $FNKO exceeded their own expectations this quarter as they reported an EPS of $0.16. Funko’s own EPS estimates were set at $0.08. Investors are particularly excited about the 70% increase in revenue from the “Down Under” market as the company ramps up international sales, driving their stock up 3% after hours on the news.
Crushing on Candy
Out of $ATVI’s 345 million MAUs, 272 million of them still can’t get enough of Candy Crush. $ATVI delivered positive earnings with a strong emphasis on eSports growth. On average, their users spent 50 minutes a day playing the company’s games. However, the stock is trading down 2% after the bell.
Planet Missness
Planet Fitness dropped 8% after releasing their earnings. Year-over-year revenue growth rose by 22.7%, but the company’s revenue numbers were slightly below estimates. $PLNT usually delivers on earnings, but not today. It's ok, we won’t judge them.
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