Tesla Motors CEO Elon Musk reacts to the company’s initial public offering on the NASDAQ market in New York June 29, 2010
Brendan McDermid | Reuters
Check out the companies that make headlines:
Tesla – Electric Automaker rose 7% in after-hours trading after announcing a five-to-one share split. Trading will begin on a regulated share-sharing basis on Aug. 31, the company said. Theoretically, the move could mean smaller investors could afford the stock, but nothing changes radically in terms of security.
Eastman Kodak – Shares of the camera company rose nearly 7% in after-hours trading on Tuesday after its quarterly earnings. Kodak said that although the Covid-19 crisis affected second-quarter volume sales, the company expects “improvement in both sales volumes and working capital in Q3”. Kodak revenue fell in the second quarter from a year ago.
Super Micro Computer – The computer company’s shares plunged 6% in after-hours trading following the issuance of weak quarterly earnings guidance. Super Micro Computer expects to earn between 10 and 35 cents per share, for which FactSet estimates sought to earn 56 cents per share.
Viavi Solutions – Shares of the IT service provider rose 2% after the closing bell on Tuesday after its better earnings than expected in quarters. The company reported 18-cent non-GAAP earnings per share, while analysts surveyed by FactSet expected 13 cents per share. Revenue also topped the estimates.
Biotechnology Vir – Shares of the biotechnology company rose nearly 3% in expanded 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 a share a year ago.
Shutterstock – Shares of Shutterstock rose slightly in trading expansion on Tuesday after falling 14.5% during the session. The stock fell after announcing a $ 250 million public offering of shares after the bell rang on Monday. The dossier said $ 200 million worth of shares were sold by founder Jon Oringer.