Stock Groups

Tesla, Netflix, LendingClub and more

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On March 1, 2019, Eatonville’s Tesla dealership was seen. This is the same day that Tesla had announced it would close its retail locations to save money and shift to online sales.

Paul Hennessy | NurPhoto | Getty Images

See the headlines made by the following companies after Wednesday’s bell.

Netflix — Shares of Netflix jumped more than 5% after hours after Pershing Square’s Bill Ackman said his firm “recently” purchased more than 3.1 million Netflix sharesIt is a Top-20 Stockholder.

LendingClub — Shares of LendingClub slid 14.7% despite reporting strong earnings and revenue for the most recent quarter. Refinitiv reported that LendingClub’s revenue and income guidance for the first quarter was lower than what analysts expected.

Intel — The tech company saw its shares fall 2% after hours despite reporting better-than-expected resultsand providing positive guidance. Gross margin estimates for the company of 52%, in the first quarter, were lower than expected by almost 53%.

Tesla — Shares of the electric vehicle maker fell 2.6% after the company said its supply chain issues could persist throughout 2022In its quarterly earnings report. Tesla’s most recent quarter earnings and revenue beat expectations by analysts.

Levi Strauss — The apparel retailer’s shares gained 2.6% after the company reported its quarterly results. The company reported earnings of 41c per share which beat estimates by one cent. The revenue also exceeded expectations.

ServiceNow — Cloud company ServiceNow jumped 8.5% after it named Chirantan “CJ” Desai, its chief product and engineering officer, its new chief operating officer. The earnings were also reported without items which beat Wall Street’s forecasts.

Lam Research — The semiconductor company’s shares fell 4.9% after Lam reported a revenue miss in its most recent quarter’s results. According to FactSet, it generated $4.23 billion of revenue in the third quarter, which was lower than its expectations of $4.42 trillion.

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