Here are some of the stocks making notable moves after the market close on Wednesday, Aug. 7. Warner Bros. Discovery — The entertainment stock dropped 8.5% after the announcement of a $9.1 billion write down related to TV networks. Warner Bros. Discovery's revenue for the second quarter also came in well below analysts' expectations. Zillow — The real estate platform's shares soared more than 13% in extended trading following a stellar quarterly report.
The company said it expected earnings per share between 9 cents and 11 cents on revenue of $105 million to $106 million. Analysts surveyed by LSEG had estimated 14 cents per share on $108 million of revenue. Duolingo — Shares of the language learning app rose 5% after second-quarter earnings topped estimates. Duolingo said it generated 51 cents of earnings per share, above the 32 cents expected by analysts, according to LSEG. Revenue of $178 million was $1 million above expectations.
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