Here are the stocks making notable moves after the closing bell on Tuesday. Alphabet â Shares of the tech giant fell 1.4% after Bloomberg News reported that the Justice Department is considering a push to break up Google. Alphabet lost an antitrust case over its search engine last week. Flutter Entertainment â Shares of the gaming company surged more than 10% after a stronger-than-expected report for the second quarter. The parent company of Fanduel reported $3.61 billion in revenue, topping the $3.40 billion expected by analysts, according to LSEG. Flutter also raised its full-year guidance. Draftkings â The gaming stock fell 4% after rival Flutter said its Fanduel unit extended its top position in the U.S. market. Flutter also said it could see a $50 million gross impact in the second half of the year due to a gaming tax increase in Illinois. Nu Holdings â Shares of the Brazil-based financial firm climbed about 4% after a stronger-than-expected second quarter. Nu reported $563 million in adjusted earnings on $2.85 billion of revenue. Analysts were expecting a profit of $460.3 million on $2.57 billion of revenue, according to FactSet. Mercury Systems â The aerospace and defense technology stock rose nearly 10% after a stronger-than-expected report for its fiscal fourth quarter. Mercury said it generated adjusted earnings per share of 23 cents on $248.6 million in revenue. Analysts were expecting a loss of 6 cents per share on $231 million in revenue, according to FactSet. Navient â Shares rose 3% after the financial processing company announced a deal to sell its health-care services business. The deal with a firm called Coding Solutions Acquisition will give $365 million in cash to Navient, the announcement said. Ibotta â The tech stock fell almost 9% after a wider-than-expected loss for the second quarter. Ibotta reported a loss of $1.32 per share, compared with an estimated loss of 85 cents per share, according to LSEG. The company did report $87.9 million in revenue, above the $85.7 million expected.
Source Agencies
