A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California, on May 15, 2024.
Patrick T. Fallon | AFP | Getty Images
Take a look at the businesses making headlines in prolonged trading:
Alphabet — The tech giant slipped 1% despite a beat on each top and bottom lines within the second quarter. Alphabet earned $1.89 per share on $84.74 billion in revenue. Consensus estimates had called for earnings of $1.84 per share on $84.19 billion in revenue. Nonetheless, revenue at its YouTube promoting segment missed forecasts.
Tesla — Shares of the electrical vehicle maker declined 4.7% after second-quarter earnings missed consensus estimates. Tesla reported adjusted earnings per share at 52 cents, while analysts surveyed by LSEG had called for 62 cents per share. Then again, the corporate posted $25.5 billion in quarterly revenue, which was barely higher than the $24.77 billion estimated by the Street.
Visa — Shares slipped greater than 2% after the corporate posted a revenue miss in its fiscal third quarter. Visa reported $8.9 billion in revenue, which got here in barely below the $8.92 billion forecast by analysts polled by LSEG. Meanwhile, payments volume rose 7% within the quarter.
Seagate — Shares rallied greater than 6% after Seagate posted an earnings and revenue beat within the fiscal fourth quarter. Seagate earned $1.05 per share, excluding items, on $1.89 billion in revenue. Analysts surveyed by LSEG had estimated it will earn 75 cents per share on revenue of $1.87 billion. The corporate cited an improving cloud environment for its stronger performance.
Capital One Financial — Shares of the bank card issuer fell about 1% after its second-quarter profit fell from a yr ago because the bank put aside extra money to offset potential credit losses. Revenue rose 5% to $9.51 billion from the year-ago period, but was lower than analysts surveyed by LSEG had expected.
Texas Instruments — The chipmaker rallied 5% after reporting better-than-expected earnings. Texas Instruments recorded $1.22 in earnings per share versus the consensus estimate of $1.17 per share, per LSEG. The corporate’s revenue of $3.82 billion got here in step with forecasts.
Mattel — The toymaker advanced greater than 1% after announcing its second-quarter results. Its adjusted earnings per share of 19 cents topped analysts’ estimates for 17 cents per share, in keeping with LSEG data. Revenue of $1.08 billion barely missed forecasts of $1.1 billion. Mattel reiterated its full-year guidance and highlighted its gross margin expansion.
Cal-Maine Foods — Shares of the nation’s largest egg producer fell 1% because the avian flu outbreak continues to pressure its performance. Within the fiscal fourth quarter, earnings of $2.32 per share were higher than a yr ago, but shy of the $2.41 per share analysts predicted, in keeping with FactSet. Sales of $640.8 million also fell in need of the $652.3 million estimate.
Enphase Energy — The solar energy stock added 5% despite weaker-than-expected second-quarter results. Enphase posted earnings of 43 cents per share, after adjustments, which was 5 cents below consensus estimates, in keeping with LSEG. Revenue of $304 million also fell in need of the $310 million analysts forecast. Nonetheless, shares rose on better-than-expected margins and its third-quarter forecast of between $370 million and $410 million in revenue, which was above the $404 million analyst estimate.
Chubb — The insurance company gained nearly 1%. Adjusted earnings per share got here in at $5.38 within the second quarter, beating the consensus estimate of $5.14 per share, per FactSet.
— CNBC’s Christina Cheddar Berk contributed reporting.