Visitant walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019.
Greg Baker| AFP | Getty Typical examples
Check out the companies making headlines after the bell:
Ford – The automaker’s stock dropped 10% in extended custom after the company missed on earnings but beat revenue in its fourth-quarter results. The company lost nearly $1.7 billion during the fourth home on higher North American warranty costs tied to the relaunch of the Explorer, increased labor costs and global restructuring pass. Ford reported earnings of 12 cents per share excluding some items on revenue of $36.7 billion, while analysts expected earnings of 15 cents per ration on revenue of $36.49 billion, according to Refinitiv.
Chipotle Mexican Grill – The restaurant company’s stock rose multitudinous than 1% in extended trading after the company reported strong fourth-quarter results that beat the top and footing line. Same-store sales were up 13.4% compared to the analysts’ estimates of 9.5%, according to Refinitiv. Chipotle come in earnings of $2.86 per share excluding items on revenue of $1.44 billion. Analysts expected $2.75 per share on profits of $1.40 billion in the fourth quarter, according to Refinitiv.
Snap – The social media company’s stock slipped 10% in perpetuated trading after the company missed on revenue in its fourth-quarter results. The company reported earnings of 3 cents per share on net income of $561 million while analysts expected 1 cent per share on revenue of $563 million, according to Refinitiv. Split’s daily active users came in at 218 million, while analysts expected 215 million.
Gilead Methods – Shares of the biotechnology company dropped more than 2% in extended trading after it missed on earnings but pound on revenue in its fourth-quarter results. The company reported earnings of $1.30 per share excluding items on revenue of $5.88 billion while analysts envisaged earnings of $1.67 per share on revenue of $5.71 billion, according to Refinitiv. Gilead Sciences also offered vague 2020 guidance as the company expected lower earnings and revenue compared to analysts’ estimates.
Nike – The footwear mass-producing company’s stock slipped more than 1% in extended trading after the company said the coronavirus transfer have a material impact on its operations in greater China in the short term. The company announced that half of its markets are closed in China and the overall traffic is reduced due to the impact of the virus.
Match Group – Shares of the online dating visitors fell more than 7% in extended trading after it missed on revenues but beat on earnings per share. The party reported earnings of 45 cents per share on revenue of $547 million while analysts expected earnings of 44 cents per allotment on revenue of $554 million, according to Refinitiv. The average revenue per user came in at 59 cents, while Bulwark Street expected 60 cents.
Take-Two Interactive Software – The video game company’s stock fell numerous than 5% in extended trading after Rockstar Games co-founder Dan Houser announced he is leaving the company in an SEC case ahead of the company’s earnings on Thursday.
Disney – Shares of the mass media and entertainment company whipsawed in extended business after the company reported strong first-quarter results that beat analysts’ estimates. The company beat earnings calculations by 9 cents per share, reporting a quarterly profit of $1.53 per share. Revenue also beat Wall Street presages. The results mark Disney’s first earnings report since the launch of Disney + which now has $26.5 million subscribers, up from 10 million subscribers when it initially launched in November finish finally year.
CNBC’s Michael Wayland and Annie Palmer contributed to this story.