Check out the companies that are making headlines on the floor after hours on Tuesday.
Verizon – The telecommunications giant’s shares rose 2% on the floor after hours, after Warren Buffett’s Berkshire Hathaway revealed a large stake in Verizon. As of December 31, Berkshire Hathaway owned 146,716,496 Verizon shares worth $ 8.6 billion at the end of 2020.
SolarEdge – The shares of the solar inverter manufacturer gained more than 4% after the release of the company’s fourth quarter results. SolarEdge earned 98 cents per share, excluding items, with revenue of $ 358.1 million. Analysts surveyed by FactSet had expected the company to earn 66 cents per share with revenue of $ 355.5 million.
Chevron – The oil giant’s shares rose 2% in extended trading after Berkshire Hathaway also revealed a stake in the energy company. The conglomerate bought more than 40 million Chevron shares during the fourth quarter, according to a regulatory document.
QuantumScape – The shares of the battery company gained 5% after QuantumScape released its first quarterly report since it went public in November. The company said it lost $ 2.41 per share. There were very few estimates for having a Street consensus for the quarter. The company said in a letter to shareholders that it believes it has “sufficient funding … to finance us through first production.”
—CNBC’s Rich Mendez contributed reporting.
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