Stocks making the biggest moves after hours: FireEye, AMD, Visa and more

Stock Market

Check out the companies making headlines after the bell

Starbucks — Shares of the coffee giant jumped 5% in extended trading after the company posted its third-quarter financial results. The company reported a third-quarter loss of 46 cents per share excluding some items on revenues of $4.22 billion. Analysts surveyed by Refinitiv expected as a loss of 59 cents per share on revenues of $4.07 billion. Starbucks said same-store sales plummeted 40% amid the coronavirus crisis.

FireEye — Shares of the cybersecurity company jumped 12% in extended trading after FireEye released its second-quarter financial results. FireEye posted earnings of 9 cents per share excluding some items and a record high quarterly revenue of $229.9 million. Refinitiv analysts had expected a loss of 2 cents per share and $214.8 million in revenue.

Amgen — The biotechnology company’s stock fell about 2% in extended trading after Amgen released its second-quarter earnings. Amgen reported earnings of $4.25 per share excluding some items on revenues of $6.21 billion, compared to Refinitiv analysts’ earnings estimates of $3.82 per share and $6.19 billion in revenue.

Visa — Visa’s stock fell 2% in extended trading after the financial services company reported its third-quarter financial results. Visa said it had earnings of $1.07 per share on revenue of $4.84 billion. Refinitiv analysts’ estimated earnings of $1.03 per share on revenue of $4.83 billion.

eBay — Shares of the e-commerce company dropped 3% after the closing bell. The company reported second-quarter earnings of $1.08 per share excluding some items on revenues of $2.87 billion, compared to Refinitiv analysts’ earnings expectations of $1.06 per share on revenues of $2.80 billion.

Advanced Micro Devices — The semiconductor company’s stock climbed about 10% in extended trading after the company posted its second-quarter financial results. AMD reported second-quarter earnings of 18 cents per share excluding some items on revenues of $1.93 billion, compared to an earnings estimate of 16 cents per share on revenues of $1.86 billion, according to Refinitiv.

AMC — Shares of the movie theater company soared after the closing bell before falling more than 2%. AMC and Universal Studios announced an agreement Tuesday that will allow AMC to show Universal films and provide Universal a smaller window that lets the studio take its titles on-demand sooner. NBCUniversal is the parent company of Universal Studios and CNBC.

Eastman Kodak — Eastman Kodak’s stock climbed 36% in extended trading after soaring more than 200% earlier in the day. In a Tuesday evening briefing, President Donald Trump discussed the deal with Kodak, in which the company will help create pharmaceutical ingredients. Kodak received a $765 million government loan under the Defense Production Act.

Seagate Technology — Shares of the data storage company fell 7% in extended trading after the company announced fourth-quarter financial results. Seagate reported earnings of $1.20 per share and revenues of $2.52 billion, falling short of Refinitiv analysts’ estimates of earnings of $1.29 per share and revenues of $2.61 billion. The company cited continued economic uncertainty and Covid-19-related disruptions as factors that impacted demand.

ONEOK — ONEOK’s stock dropped 4% in extended trading after the company released its second-quarter financial results. ONEOK reported earnings of 32 cents per share while FactSet analysts had expected earnings of 49 cents per share.

L Brands — Shares of the parent company of Victoria’s Secret climbed 14% in extended trading after L Brands announced it is preparing to lay off 15% of its corporate workforce as part of cost-cutting measures in response to the pandemic.

Products You May Like

Articles You May Like

Buyers to see $11.5B of munis sell as notes, bonds, taxables fill up slate
Advance refunding could bridge the divide over state, local aid
Top Economic Factors That Depreciate the US Dollar
Berkshire Hathaway slashes stakes in US banks
Cisco Systems (CSCO) Could Gain Ground After Earnings

Leave a Reply

Your email address will not be published. Required fields are marked *