A Tesla dealership in Eatonville, Florida, on March 1, 2019, a day after Tesla announced it was closing retail stores as a cost-cutting measure to switch to online-only sales.
Paul Hennessy | Image | Getty Images
Check out the companies that made headlines after the bell on Wednesday:
Netflix — Netflix shares rose more than 5% just hours after Pershing Square’s Bill Ackerman said his company was “recent” Buy more than 3.1 million Netflix shares, making it the top 20 holders of the stock.
loan club — Shares of LendingClub fell 14.7% despite strong earnings and revenue in the most recent quarter. The fintech company’s first-quarter revenue and revenue guidance both missed analysts’ expectations, according to Refinitiv.
Intel — The tech company’s shares fell 2% after hours, despite Better-than-expected results reported And provide optimistic guidance. The company’s first-quarter gross margin forecast was 52%, below expectations of nearly 53%.
Tesla — Shares of the electric car maker fell 2.6% after the company said it had problems with its supply chain May last until 2022, in its quarterly earnings report. Tesla’s most recent quarter’s earnings and revenue beat analysts’ expectations.
Levi Strauss — Shares of the apparel retailer rose 2.6% after the company reported quarterly results. It reported earnings of 41 cents per share, beating expectations by 1 cent. Revenue also beat expectations.
immediate service — Cloud company ServiceNow rose 8.5% after naming its chief product and engineering officer Chirantan “CJ” Desai as its new chief operating officer. It also reported earnings excluding items that beat Wall Street’s expectations.
forest research — Shares of the semiconductor company fell 4.9% after Lam reported weaker revenue in its most recent quarterly results. Revenue for the quarter was $4.23 billion, compared with expectations of $4.42 billion, according to FactSet.