Jeff Bezos, CEO of Amazon
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Check out the companies that are making headlines after the bell:
Amazon – The retailer’s shares rose 1% in after-hours trading on quarterly results that beat analysts’ expectations. Amazon reported earnings per share of $ 14.09 on revenue of $ 125.56 billion. Analysts polled by Refinitiv expected earnings of $ 7.23 per share on sales of $ 119.7 billion. The company also announced that CEO Jeff Bezos is stepping down from office effective later this year.
Alphabet – Alphabet stocks rose 6% after the tech giant reported better-than-expected results in the previous quarter. The company reported earnings per share of $ 22.30 on sales of $ 56.9 billion. Analysts polled by Refinitiv expected earnings of $ 15.90 per share on sales of $ 53.13 billion.
GameStop – The stationary video game retailer’s shares continued to fall in off-hours trading on Tuesday after falling 60% in the regular session. Stocks are down more than 70% this week as the short squeeze trade dissolves.
Chipotle – The Mexican fast food chain’s shares fell 4% in expanded trading Tuesday after the company missed analysts’ expectations for its quarterly results. According to Refinitiv, Chipotle made $ 3.48 per share, missing estimates of $ 3.73 per share. Sales were in line with estimates of $ 1.61 billion.
Electronic Arts – Electronic Arts fell more than 5% after posting its post-trading earnings report. The result was 72 cents per share, which was not comparable to estimates. Electronic Arts had sales of $ 2.4 billion, slightly more than a refinitive forecast of $ 2.39 billion.
Amgen – The biotech company’s shares fell 1.5% after close of trading, despite the release of quarterly results that beat analysts’ estimates. Amgen reported earnings of $ 3.81 per share on sales of $ 6.63 billion. Wall Street expects earnings of $ 3.39 per share on sales of $ 6.58 billion, according to Refinitiv.
– with reports from CNBC’s Rich Mendez.