Stocks held on to gains on Monday, reversing earlier declines, with the Nasdaq leading the way, closing up 0.62% to 13,128.05.
Here are the most popular after-hours tickers on Yahoo Finance:
apple (AAPL), Activision Blizzard (ATVI), Ally Financial (ALLIED): Berkshire Hathaway increased its stake in Apple, Activision Blizzard, Ally Financial, Paramount Global ( PARA ) and Celanese ( CE ), according to a 13F regulatory filing. Berkshire added about 3.9 million Apple shares, bringing its total stake in the tech giant to roughly 895 million shares. Berkshire’s top three holdings at the end of the second quarter were Apple, Bank of America ( BAC ) and American Express ( AXP ). The conglomerate shed its position in Verizon (VZ).
Tencent Music Entertainment (TMJ): China’s Tencent Music revenue rose 3.9% from the previous quarter, driven by a jump in paid users. Sales for the quarter were $1.03 billion as paid users increased to 82.7 million, up 24.9% from a year ago. Online music mobile monthly active users (MAUs) totaled 593 million, below analysts’ expectations of 604.8 million, while social entertainment service MAUs fell 21% year-on-year.
ZipRecruiter (ZIP): The job search engine lowered its full-year revenue guidance to smooth the labor market. CEO Ian Siegel wrote in the earnings release that “While the quarter was strong, in June we began to see signs of a cooling hiring environment.” Second-quarter results beat Street expectations, with earnings per share of 11 cents on sales of $239.9 million, up 31% from a year ago. ZipRecruiter now expects full-year sales of $833 million to $897 million, down from its previous estimate of $908 million to $922 million.
compass (comp): Shares of the real estate brokerage fell in after-hours trading after reporting a wider second-quarter loss. Compass reported a loss of 24 cents per share on sales of $2.02 billion, up 4% from a year ago. The company also announced a new cost-cutting program with savings of approximately $320 million, due to “the challenges the real estate market has faced so far this year and the likelihood that this difficult environment continue for the foreseeable future,” according to CEO Robert Reffkin. Total transactions grew 2% in the quarter, while gross transaction value (GTV) was flat, driven by a 2% drop in average transaction value.
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