JMIA - Hot Stocks: JMIA jumps on revenue COIN sinks on earnings miss WYNN also slides and REAL dives 10%

Jumia Technologies AG ( NYSE: JMIA ) popped more then 10% on Wednesday after the tech firm presented Wall Street with stronger Q2 gains than estimated. While JMIA is in the green, the popular Coinbase Global ( NASDAQ: COIN ) has fallen deeper into the red after the company missed on its Q2 earnings report.

Also tracking lower are shares of Wynn Resorts, Limited ( NASDAQ: WYNN ) and The RealReal, Inc. ( NASDAQ: REAL ). WYNN has dipped lower on continued travel restrictions and REAL has come down after the firm posted weak earnings and forward guidance.

Gainer

Jumia Technologies AG ( JMIA ) jumped 12.1% in premarket trading action as the stock delivered strong Q2 figures . JMIA beat on revenue by $5.29M, delivering revenue of $57.3M (+42.5% Y/Y).

Decliners

Shares of Coinbase Global ( COIN ) declined by 4.6% in premarket trading after the stock closed lower by 10.5% on Tuesday. COIN is down as the company missed on its Q2 EPS and revenue, reporting Q2 EPS of -$4.98 short of the consensus -$1.23. The crypto platform also missed on Q2 net revenue, sporting a $802.6M figure, below expectations of $868.4M. COIN also guided for less trading volume alongside a smaller amount of monthly active users on its crypto trading platform in Q3 vs. Q2 .

Wynn Resorts, Limited ( WYNN ) slid 2.8% as the stock reported an operating revenue decrease of 8.2% to $908.8M in Q2 due in part to continued travel restrictions to Macau . WYNN now trades lower in 2022 by 25%.

The RealReal, Inc. ( REAL ) shares plummeted 10.2% on Wednesday’s premarket trading session after the luxury retailer's Q2 results underwhelmed investors and the company also guided for more losses . Looking ahead, REAL expects revenue of $145M to $155M vs. the $164.3M consensus.

For more of Wall Street’s best- and worst-performing stocks on the trading day, click over to Seeking Alpha's On The Move section .

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