A shopper walks to a GameStop store in Ottawa, Illinois on April 1, 2019.
Daniel Acker | Bloomberg | Getty Images
Check out the companies that hit the headlines on Wednesday after the bell:
GameStop – The gaming retailer’s shares rose 61%, building on their massive surge during the regular trading session as dealers weighed a C-suite shuffle at the company.
Pure Storage – Pure Storage shares rose 4.9% after the data storage company’s revenue surpassed analysts’ expectations. Pure Storage revenue was $ 502.7 million for the fourth quarter, up from a FactSet estimate of $ 480.2 million. The company also issued a first quarter revenue forecast of $ 405 million, which is higher than a FactSet forecast of $ 394.2 million.
Booking Holdings – Booking Holdings shares rose 0.3% on better-than-expected results from the previous quarter. The parent company of Priceline.com posted $ 1.24 billion in revenue, a loss of 57 cents per share. Analysts polled by Refinitiv had forecast a loss of $ 4.28 per share on sales of $ 1.18 billion. “Looking ahead, I am more confident than ever in our long-term future and in the possible strong recovery in travel demand,” said CEO Glenn Fogel.
Teladoc Health – The telemedicine company’s shares fell 6.6% after Teladoc released mixed quarterly results. The company posted a loss per share of 27 cents on sales of $ 383.3 million. According to Refinitiv, this loss was 3 cents per share higher than expected by analysts. However, Teladoc’s revenue of $ 383.3 million exceeded a forecast of $ 378.9 million.
Nvidia – The chipmaker’s shares rose as much as 3.4% after the company reported better-than-expected fourth-quarter results. Nvidia reported earnings per share of $ 3.10 on sales of $ 5 billion, while analysts expected earnings per share of $ 2.81 on sales of $ 4.82 billion, according to Refinitiv. The company also issued a first-quarter revenue forecast of $ 5.3 billion, slightly beating a FactSet forecast of $ 4.49 billion. However, the stock later gave up its gains and traded 3.3% lower.
ViacomCBS – ViacomCBS stock rose 0.6% after the media giant released its fourth quarter results. The company earned $ 1.04 per share, beating a refinitive estimate by 2 cents. ViacomCBS sales were roughly in line with expectations at $ 6.87 billion. In addition, the company announced that its global streaming subscribers grew to nearly 30 million in the quarter. Domestic subscribers grew 71% year over year to 19.2 million.
L Brands – L Brands shares rose 4.4% in the fourth quarter, beating analysts’ expectations. The company posted earnings of $ 3.03 per share, beating a refinitive estimate of $ 2.91 per share. L Brands also issued a strong earnings forecast for the first quarter. L Brands’ results come after the New York Times reported that the company is trying to sell a controlling stake in its Victoria’s Secret business.