Thursday, February 9, 2023

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

A buyer refuels at a Chevron gasoline station with costs above $4 a gallon in Seattle, Washington, U.S., on Monday, March 7, 2022.

David Ryder | Bloomberg | Getty Images

Check out the businesses making headlines after the bell.

Tesla — Shares rose 0.4% in risky buying and selling after the electric-vehicle maker reported earnings and revenue for the fourth quarter that beat analyst expectations. However, Tesla’s gross margins got here in on the lowest ranges up to now 5 quarters.

Chevron — Shares superior 2.7% after the oil firm announced a $75 billion stock repurchasing program.

ServiceNow — The software program inventory tumbled 4% after ServiceNow launched its newest quarterly figures. ServiceNow posted earnings per share of $2.28, beating a Refinitiv forecast of $2.02 per share. Revenue, in the meantime, matched a consensus estimate of $1.94 billion.

Levi Strauss — The denim firm jumped 7% after its earnings and income for the fourth quarter got here in above expectations. The firm additionally shared full-year steering displaying per-share earnings between $1.30 and $1.40 in contrast with StreetAccount’s $1.35 estimate.

Las Vegas Sands — Shares of the on line casino operator gained greater than 4% after Las Vegas Sands launched its newest quarterly outcomes. The firm misplaced 19 cents per share on income of $1.12 billion. Analysts anticipated a lack of 9 cents per share on income of $1.18 billion. However, the corporate’s adjusted property EBITDA of $329 million beat a StreetAccount forecast of $319 million.

International Business Machines — IBM beat quarterly earnings and income forecasts, however the inventory fell greater than 2%. Company administration mentioned it expects fixed foreign money income for 2023 to be in keeping with its mid-single digit mannequin. IBM additionally mentioned it might minimize almost 4,000 jobs, or roughly 1.5% of its workforce.

CSX — CSX reported earnings and income figures that simply beat analyst expectations, however the inventory slipped 0.2%. The rail-freight firm earned 49 cents per share on income of $3.73 billion. Analysts polled by Refinitiv anticipated earnings of 46 cents per share on income of $3.72 billion.

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