Here’s a look at the companies making headlines after the bell: GameStop — The gaming retailer’s stock fell 7% after it reported mixed second-quarter results. GameStop said that while revenue fell to $798 million from $1.16 billion a year ago, net profit per share rose to 4 cents per share from a loss of 1 cent per share a year ago. The company also announced it will sell up to 20 million shares of Class A common stock through Jefferies. Petco Health and Wellness – Shares of Petco Health and Wellness rose 4% after the pet retailer reported second-quarter earnings in line with expectations. Petco’s revenue of $1.52 billion was slightly below the $1.53 billion expected by analysts polled by LSEG. The company forecast an adjusted loss of 3 cents to 4 cents per share in the third quarter, compared with analysts’ previous forecast of a loss of 4 cents per share. Dave & Buster’s Entertainment — Shares of the gaming console chain rose 8% after Dave & Buster’s reported earnings of 99 cents a share, while analysts polled by LSEG had expected earnings of just 84 cents a share. However, the company’s revenue of $557 million fell short of expectations of $561 million. Morgan Stanley – The bank’s stock fell 1% after Goldman Sachs downgraded its rating to “neutral” from “buy.” Goldman Sachs analyst Richard Lumsden wrote that he believes the bank faces more challenges in the near term.
