Business

Stocks Making the Biggest Moves After Hours: Tencent Music, Roblox & More

Bobby Yip | Reuters

Check out the companies making headlines in after-hours trading.

Tencent Music — Tencent Music shares rose roughly 1% in extended trading after the company beat on earnings but narrowly missed second-quarter revenue expectations. The company reported revenue of 8.01 billion yuan, compared with the 8.13 billion yuan analysts surveyed by Refinitiv were expecting.

Roblox — Shares of the online video game platform dipped roughly 2% after the company missed revenue expectations during the second quarter. Roblox reported revenue of $665 million, compared with the $683 million analysts surveyed by Refinitiv were expecting.

Porch Group — Porch Group shares gained more than 3% during extended trading after the company's second-quarter results. The software name lost 17 cents per share on revenue of $51.3 million. Analysts were expecting a loss of 18 cents on $47 million in revenue, according to StreetAccount estimates.

CORRECTION: This article has been updated to reflect that Tencent's earnings results are in Chinese yuan.

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