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Stocks making the biggest moves after hours: FireEye, AMD, Visa and more
Take a look at the corporations making headlines after the bell:
Starbucks — Shares of the espresso large jumped 5% in prolonged trading after the firm posted its third-quarter monetary outcomes. The corporate reported a third-quarter lack of 46 cents per share excluding some objects on revenues of $4.22 billion. Analysts surveyed by Refinitiv anticipated as a lack of 59 cents per share on revenues of $4.07 billion. Starbucks stated same-store gross sales plummeted 40% amid the coronavirus disaster.
FireEye — Shares of the cybersecurity firm jumped 12% in prolonged trading after FireEye launched its second-quarter monetary outcomes. FireEye posted earnings of 9 cents per share excluding some objects and a file excessive quarterly income of $229.9 million. Refinitiv analysts had anticipated a lack of 2 cents per share and $214.eight million in income.
Amgen — The biotechnology firm’s inventory fell about 2% in prolonged trading after Amgen launched its second-quarter earnings. Amgen reported earnings of $4.25 per share excluding some objects on revenues of $6.21 billion, in comparison with Refinitiv analysts’ earnings estimates of $3.82 per share and $6.19 billion in income.
Visa — Visa’s inventory fell 2% in prolonged trading after the monetary companies firm reported its third-quarter monetary outcomes. Visa stated it had earnings of $1.07 per share on income of $4.84 billion. Refinitiv analysts’ estimated earnings of $1.03 per share on income of $4.83 billion.
eBay — Shares of the e-commerce firm dropped 3% after the closing bell. The corporate reported second-quarter earnings of $1.08 per share excluding some objects on revenues of $2.87 billion, in comparison with Refinitiv analysts’ earnings expectations of $1.06 per share on revenues of $2.80 billion.
Superior Micro Gadgets — The semiconductor firm’s inventory climbed about 10% in prolonged trading after the firm posted its second-quarter monetary outcomes. AMD reported second-quarter earnings of 18 cents per share excluding some objects on revenues of $1.93 billion, in comparison with an earnings estimate of 16 cents per share on revenues of $1.86 billion, in line with Refinitiv.
AMC — Shares of the movie show firm soared after the closing bell earlier than falling more than 2%. AMC and Common Studios introduced an settlement Tuesday that may permit AMC to point out Common movies and present Common a smaller window that lets the studio take its titles on-demand sooner. NBCUniversal is the dad or mum firm of Common Studios and CNBC.
Eastman Kodak — Eastman Kodak’s inventory climbed 36% in prolonged trading after hovering more than 200% earlier in the day. In a Tuesday night briefing, President Donald Trump mentioned the take care of Kodak, by which the firm will assist create pharmaceutical components. Kodak obtained a $765 million authorities mortgage below the Protection Manufacturing Act.
Seagate Know-how — Shares of the information storage firm fell 7% in prolonged trading after the firm introduced fourth-quarter monetary outcomes. Seagate reported earnings of $1.20 per share and revenues of $2.52 billion, falling wanting Refinitiv analysts’ estimates of earnings of $1.29 per share and revenues of $2.61 billion. The corporate cited continued financial uncertainty and Covid-19-related disruptions as components that impacted demand.
ONEOK — ONEOK’s inventory dropped 4% in prolonged trading after the firm launched its second-quarter monetary outcomes. ONEOK reported earnings of 32 cents per share whereas FactSet analysts had anticipated earnings of 49 cents per share.
L Manufacturers — Shares of the dad or mum firm of Victoria’s Secret climbed 14% in prolonged trading after L Manufacturers introduced it’s getting ready to lay off 15% of its company workforce as a part of cost-cutting measures in response to the pandemic.