Stocks making the biggest moves after hours: Microsoft, Tesla, Chipotle and more

Finance

Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020.

Jeenah Moon | Bloomberg via Getty Images

Check out the companies making headlines after the bell

Microsoft — Shares of Microsoft dropped 2% in after hours after the company’s fourth-quarter earnings beat estimates. The technology company reported earnings of $1.46 per share on revenues of $38.03 billion. Analysts had expected earnings per share of $1.34 on revenues of $36.5 billion, according to Refinitiv. Revenue grew 13% even amid the coronavirus crisis. Earlier today, Slack accused the technology company of anticompetitive practices in an EU complaint.

Las Vegas Sands — The resort developer’s stock fell 1% in extended trading after the company released financial results from the second quarter. The company missed estimates, reporting a loss of $1.05 per share excluding some items on revenues of $98 million. Refinitiv analysts had expected a loss per share of 74 cents on revenues of $564 million. The company said it will continue capital expenditure programs in both Macao and Singapore.

Tesla — The automaker’s stock climbed 5% after the market closed. Tesla released second-quarter earnings of $2.18 per share excluding some items on revenues of $6.04 billion while Refinitiv analysts had expected earnings per share of 3 cents on revenues of $5.37 billion. Tesla also reported its first full year of profitability based on GAAP, so the company can now be considered to join the S&P 500 index. Shares of electric vehicle maker NIO also jumped 3% in extended trading.

Whirlpool — Shares of Whirlpool rose 3% after the closing bell. The company beat Refinitiv analysts’ estimates, posting second-quarter earnings of $2.15 per share excluding some items on revenues of $4.04 billion compared to estimates of earnings per share of $1 on revenues of $3.57 billion.

Chipotle Mexican Grill — Shares of Chipotle fell 1% in extended trading after the company posted second-quarter earnings. Beating Refinitiv analysts’ expectations, Chipotle reported second-quarter earnings of 40 cents per share excluding some items on revenues of $1.36 billion. Analysts had expected earnings per share of 35 cents on revenues of $1.34 billion. The company’s reported quarterly adjusted earnings were down 90% from the period a year ago as coronavirus closed restaurant dining rooms. Meanwhile, Chipotle’s digital sales more than tripled during the second quarter.

Products You May Like

Articles You May Like

Here’s how college students can angle for more financial aid as pandemic hits pocketbooks
Stocks making the biggest moves in the premarket: TripAdvisor, T-Mobile US, FedEx, Uber & more
Marriott posts bigger-than-expected loss as virus hits bookings
Innovation is seeing a major inflection point due to the pandemic, early growth investor finds
Second $1,200 stimulus checks could be coming. For many, that won’t cover the rent

Leave a Reply

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