Stocks making biggest after hour moves: Novavax, Allbirds and more

Try the businesses making headlines after hours.

Novavax — The biotech inventory dropped 32% after Novavax reduce its full-year income steering on account of poor demand for its Covid vaccines.

Take-Two Interactive Software program — Shares dropped 6% after the online game firm behind titles comparable to Grand Theft Auto reported weaker-than-expected earnings. Take-Two reported $1 billion in income, lower than the $1.09 billion projected by analysts surveyed by Refinitiv.

Upstart — Shares fell 7% after the patron lending firm posted disappointing second quarter outcomes. Upstart earned 1 cent per share on income of $228.2 million. Analysts surveyed by Refinitiv had been estimating earnings of 10 cents per share on income of $241.6 million.

Allbirds — The footwear inventory dropped 12% after Allbirds reduce its outlook for the yr and introduced cost-cutting efforts, citing weaker shopper spending. The footwear and attire firm in any other case beat expectations in its second-quarter outcomes, in contrast with consensus estimates from Refinitiv.

Hims & Hers Well being — Shares gained greater than 4% after the telehealth firm reported quarterly outcomes and raised its full yr outlook, citing continued momentum within the variety of web new subscriptions.