The exchange's COIN shares fell in after-hours trading after reporting a wider than expected loss and a 63% drop in revenue. The second quarter saw 9 million monthly transacting users, down from 9.2 million in the previous quarter. The total trading volume fell to $217 billion, down 30% compared to Q 1. JMP Securities Devin Ryan told Yahoo Finance that even though trading volumes were right in line with expectations, they make little money on institutional trading spreads. Transaction revenue fell 66% from a year ago to $655.2 million.
Roblox shares were after-hours weighed down by a drop in second quarter bookings. Booking for the quarter was $639.9 million, down 4% from a year ago. The gaming company reported a loss of 30 cents a share, wider than the 25 cents a share loss posted a year ago. Average daily active users increased 21% to 52.2 million, but average booking for each daily user fell to $12.25, down 21% from the year-ago period.
Sweetgreen SG Shares sold off in after-hours trading after the salad chain cut its full-year revenue forecast due to softness and slashed its FY comp sales outlook to 13% to 19% growth from 20% to 26%. The company is reducing office space and cutting 5% of its workforce in an effort to reduce costs. Sweetgreen CFO Mitch Reback said in the earnings release that the company started to see softness in revenue around Memorial Day, and will continue to manage corporate overhead and efficiently run our restaurants as we work towards profitability. The Trade Desk TTD Shares jumped on strong revenue growth and upbeat third quarter guidance. Earnings per share increased by 11% compared to 20 cents a year ago, on a 35% increase in sales to $377 million. The Trade Desk CEO and co-founder Jeff Green wrote in the earnings release that strong sales give us confidence that we will continue to gain market share in any market environment. The Trade Desk sees revenue of at least $385 million in the third quarter, which is better than the estimate of $382.1 million.
Wynn Resorts WYNN The stock fell after weakness in Macau led to a revenue miss. Operating revenue was $908.8 million a year ago, a drop from $990.1 million a year ago. The casino operator reported that occupancy at its Macau hotel was 31.3%, a decrease from 68% a year ago, and hotel occupancy at Palace didn't meet Wall Street's estimates.