The Tesla dealership in Eatonville, Florida will be seen on March 1, 2019, the day after Tesla announced it would close its retail stores as a step in cost reduction, moving to on-line sales only.
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Check out the companies making headlines after the bell on Wednesday:
Netflix – Netflix shares jumped more than 5% after hours after Bill Ackman of Pershing Square said his company “recently” bought more than 3.1 million shares in Netflix, making it a top 20 stockholder.
LendingClub-LendingClub shares fell 14.7% despite reporting strong revenue and earnings for the most recent quarter. The fintech company’s first quarter earnings and earnings guide were both lower than analysts expected, according to Refinitiv.
Intel-The tech company saw its shares fall 2% over time despite reporting better-than-expected results and delivering good guidance. The company’s gross margin forecast or 52% in the first quarter missed the estimates of nearly 53%.
Tesla – Shares of the electric vehicle maker fell 2.6% after the company said issues in its supply chain could continue throughout 2022, in its quarterly earnings report. Tesla beat analysts ’expectations on both earnings and earnings for the most recent quarter.
Levi Strauss – Shares of the apparel retailer gained 2.6% after the company reported its quarterly results. It reported earnings of 41 cents per share, which exceeded estimates of 1 cent. Revenue also exceeded expectations.
ServiceNow – Cloud company ServiceNow rose 8.5% after it named Chirantan “CJ” Desai, its chief product and engineering officer, its new chief operating officer. It also reported earnings that did not include items beyond Wall Street forecasts.
Lam Research-Shares of the semiconductor company fell 4.9% after Lam reported earnings in the latest quarter results. It logged $ 4.23 billion in revenue for the quarter, compared to expectations of $ 4.42 billion, according to FactSet.
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