— The casino stock rose 2.5% on second-quarter results that topped expectations on the top and bottom lines. Wynn Resorts reported adjusted earnings of 91 cents per share on revenue of $1.6 billion. That came in ahead of the 59 cents and $1.54 billion expected by analysts, per Refinitiv.— AppLovin shares surged 22% on strong second-quarter results and optimistic third-quarter revenue guidance.
Illumina topped Wall Street's expectations for the second quarter, but said it anticipates some weakness in the second half, due to a protracted recovery in China and more cautiousness in purchasing from customers. The company expects full-year revenue to rise 1% year over year, versus the 7.1% uptick analysts expected, per Refinitiv.
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Disney Earnings: Disney+ Subscribers Dwindle — But Streaming Unit Beats EstimatesNarrowing financial losses in Disney’s streaming unit helped it exceed expectations for profits during its latest quarterly earnings report, as the entertainment giant contends with turbulence while struggling to return profits to prior glory.
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Stocks making the biggest moves after hours: Penn Entertainment, Super Micro Computer, Rivian and moreSuper Micro Computer tumbled 12% in extended trading despite reporting an earnings beat. The company reported fiscal fourth-quarter adjusted earnings of $3.51 per share on revenue of $2.18 billion, surpassing analysts' expectations.
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