Tesla Motors CEO Elon Musk responds following initial public offering on the NASDAQ market in New York June 29, 2010
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Check out the companies that make headlines after the bell:
Tesla ̵1; The electric automaker jumped 7% several hours after announcing a five-for-one stock split. Trading will begin on a stock split-adjusted basis on August 31, the company said. In this theory, the move may mean smaller investors can afford the stock, but nothing changes fundamentally about security.
Eastman Kodak – The camera company shares are up about 7% after trading hours on Tuesday following its quarterly earnings. Kodak said that although the Covid-19 crisis is affecting second quarter sales, the company expects “improvements in both sales volumes and working capital in Q3.” Kodak revenue fell in the second quarter from a year ago.
Super Micro Computer – Shares of the computer company dipped 6% in trading hours in the hours after the weak issuance of the current quarterly earnings guide. Super Micro Computer expects to earn between 10 and 35 cents per share, which FactSet estimates earnings of 56 cents per share.
Viavi Solutions – IT service provider shares rose 2% after closing the bell on Tuesday following better-than-expected quarterly earnings. The company reported non-GAAP revenues of 18 cents per share, while FactSet polled analysts expected 13 cents per share. Revenues are also leading.
Vir Biotechnology – Biotechnology company shares jumped nearly 3% in extended trading on Tuesday following the second quarter earnings report. The company reported a loss of 27 cents per share, compared to a loss of $ 3.64 per share a year ago.
Shutterstock – Shutterstock Shares rose slightly in trading expansion on Tuesday following its 14.5% session decline. The stock fell after announcing a $ 250 million public stock offering after the bell on Monday. Filing said $ 200 million of the share was being sold by founder Jon Oringer.