Stocks moving in after hours: Disney, Affirm, Mattel

Yahoo Finance’s Jared Blikre joins the Live show to highlight several stocks trending in the after-hours trading session.

Video transcript

DAVE BRIGGS: All right, let's take a look now at what's trending after-hours. Jared Blikre is here. What's moving, my man?

JARED BLIKRE: Let's take a look at Disney. We rehashed the numbers. Let's take a look at the stock. It is up about 5% in after-hours trading. I'm going to put a chart on real quick. This is a one-year chart. Tomorrow morning, if we were to stay at these prices-- I believe it was 115 and change-- we would be looking at the highest price since September. And just taking a quick look at the five-year chart, bouncing off those lows we saw in the pandemic-- maybe off to a little bit of a start here.

Now, we got to move on to a firm we're also tracking. The buy now, pay later company Affirm, after its quarterly revenue missed estimates with its loss widening to $360 million, the big headline regards its workforce. Affirm is cutting it by 19%. This also happens to be how much its stock was down at the lows in after-hours trading.

The company is seeing annual cost savings of $77 to $83 million from the downsizing. It's also delaying some of its projects. Full year revenue guidance is now 1.475 billion to 1.55 billion. This is below the estimate of 1.64 billion. So, all in all, Affirm, this is that big Amazon excitement spike that we saw last year and still hanging out in the lower end of its range.

Got to move on to Mattel, also in our sights after missing on profits for the fourth quarter. By segment, the toymaker missed expectations in dolls, as well as the set that includes action filters, building sets, and games. Now Mattel's products for infants, toddlers, and preschoolers also came in substantially light.

But it's the full year forecast that's helping send the stock down to the lowest price in a month in after-hours trading. Mattel is seeing adjusted EPS for the year of $1.10 to $1.20. The Street estimate substantially higher at $1.65. Adjusted gross margin also came in light at 47% below the 48% expected. Now here's a five-year chart of Mattel, and you can see doing a little bit better than some of our other guys here, but still about in the middle of its-- I would call that a two-year trading range, and definitely in the upper part of its five-year trading range. Guys.

PRAS SUBRAMANIAN: Jared, thanks so much for those technicals, my man.