Jack Dorsey, Chief Executive Officer of Square Inc., second from right, visits the floor of the New York Stock Exchange (NYSE) in New York, USA on Thursday, November 19, 2015.
Yana Paskova | Bloomberg | Getty Images
Check out the companies that are making headlines after the bell:
Square – Square’s shares rose nearly 1% in after-hours trading after CEO Jack Dorsey announced the digital payments company would create an open source developer platform focused on Bitcoin. Dorsey said the platform will “have the sole goal of making it easy to create prudential, license-free, and decentralized financial services.”
Alcoa – The global aluminum maker saw its share capital rise 0.9% after posting better-than-expected earnings in the second quarter. Alcoa posted adjusted earnings of $ 1.49 per share, according to FactSet, beating Wall Street’s estimate of $ 1.29 per share. The company also reported revenues of $ 2.83 billion versus analysts’ projections of $ 2.65 billion.
Moderna – The pharmaceutical company’s stock rose 8% during expanded trading after it was announced it would join the S&P 500, replacing Alexion Pharmaceuticals. According to S&P Dow Jones Indices, Moderna will be added to the index before trading opens on July 21. AstraZeneca is taking over Alexion, according to the press release announcing the index change.
American Outdoor Brands – American Outdoor Brands stocks fell about 12% after the outdoor gear company reported fourth-quarter sales below analysts’ expectations, according to Factset. However, earnings per share exceeded estimates.
Valero Energy – The energy producer’s stock rose slightly in after-hours trading after the company’s board of directors announced a regular quarterly cash dividend of 98 cents per share. Valero, which operates 15 petroleum refineries, rose its shares 18% in 2021 due to the pent-up need for travel and oil.