Amazon CEO Jeff Bezos
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Check out the companies that are making headlines after the bell:
Amazon – The retailer’s shares rose 1% on the floor after hours, due to quarterly results that exceeded analysts’ expectations. Amazon reported earnings per share of $ 14.09 on revenue of $ 125.56 billion. Analysts surveyed by Refinitiv had expected earnings of $ 7.23 per share on revenue of $ 119.7 billion. The company also announced that CEO Jeff Bezos was stepping down from the end of this year.
Alphabet – Alphabet’s stock rose 6% after the tech giant reported better-than-expected results in the previous quarter. The company reported earnings per share of $ 22.30 over revenue of $ 56.9 billion. Analysts surveyed by Refinitiv had expected earnings of $ 15.90 per share on revenue of $ 53.13 billion.
GameStop – Shares in the traditional video game retailer continued to decline after-hours trading on Tuesday after a 60% drop in the regular session. Stocks fell more than 70% this week, as short-term trade unfolded.
Chipotle – Shares in the Mexican fast-food chain fell 4% in extended trading on Tuesday after the company lost analysts’ expectations for its quarterly earnings. Chipotle earned $ 3.48 per share, losing estimates of $ 3.73 per share, according to Refinitiv. Revenue came in line with estimates of $ 1.61 billion.
Electronic Arts – Electronic Arts dropped more than 5% after hours after the release of its earnings report. Profit reached 72 cents per share, which was not comparable to estimates. Electronic Arts had $ 2.4 billion in revenue, slightly more than Refinitiv’s $ 2.39 billion forecast.
Amgen – The biotechnology company’s shares fell 1.5% after the close of the trading day, despite the disclosure of superior quarterly and financial results that exceeded analysts’ estimates. Amgen reported earnings of $ 3.81 per share on revenue of $ 6.63 billion. Wall Street expected earnings of $ 3.39 per share on revenue of $ 6.58 billion, according to Refinitiv.
– with a report by CNBC’s Rich Mendez.