Stocks make the biggest moves after hours: Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

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A customer fills up at a Chevron gas station with prices over $4 per gallon in Seattle, Washington, USA on Monday, March 7, 2022.

David Rider | Bloomberg | Getty Images

Check out the companies making headlines after the bell.

Tesla – Shares rose 0.4% in volatile trading after the electric vehicle maker reported fourth-quarter revenue and earnings that beat analysts’ expectations. However, Tesla’s gross margins were at their lowest level in the past five quarters.

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Chevron — Shares rose 2.7% after the oil company announced a $75 billion share buyback program.

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Serve now — Software inventory plummeted 4% after ServiceNow released its latest quarterly earnings. ServiceNow posted earnings per share of $2.28, beating Refinitiv’s forecast of $2.02 per share. Revenue, meanwhile, matched a consensus estimate of $1.94 billion.

Levi Strauss — The denim business rose 7% after revenue and revenue for the fourth quarter beat expectations. The company also shared full-year guidance for earnings per share of between $1.30 and $1.40 compared to StreetAccount’s $1.35 estimate.

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Las Vegas sand — Shares of the casino operator rose more than 4% after Las Vegas Sands reported its latest quarterly results. The company lost 19 cents per share on revenues of $1.12 billion. Analysts had expected a loss of 9 cents per share on sales of $1.18 billion. However, the company’s adjusted real estate EBITDA of $329 million beat StreetAccount’s forecast of $319 million.

International business machines — IBM beat its quarterly earnings and revenue forecasts, but the stock fell more than 2%. The company’s management said it expects constant currency earnings for 2023 to be consistent with the mid-single-digit model. IBM also said it would cut nearly 4,000 jobs, or about 1.5% of its workforce.

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CSX — CSX reported earnings and sales numbers that just beat analysts’ expectations, but the stock fell 0.2%. The rail freight company earned 49 cents per share on $3.73 billion in revenue. Analysts polled by Refinitiv expected earnings of 46 cents per share on revenue of $3.72 billion.

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