In this photo illustration, the QuantumScape logo can be seen on a smartphone and a PC screen.
Pavlo Gonchar | SOPA pictures | LightRocket | Getty Images
Check out the companies that hit the headlines on Wednesday after the bell:
Micron – The chipmaker’s shares rose 2.3% after the company reported better-than-expected results for the second quarter of its fiscal year. Micron reported earnings per share of 98 cents on sales of $ 6.24 billion. Analysts polled by Refinitiv expected earnings of 95 cents per share on sales of 6.21 billion US dollars.
QuantumScape – The lithium battery manufacturer’s inventory rose 8.8% after the company announced it had met requirements to close a $ 100 million investment from Volkswagen. The car company will now test the solid-state lithium metal cells from QuantumScape in their laboratories in Germany.
Wingstop – The restaurant company’s shares rose 3.8% after the company released preliminary results for the first quarter. The numbers showed that Wingstop’s domestic sales in the same store were up 20.7% year over year and digital sales were up 63.6%.
Guess – The clothing retailer’s stock rose 4.5% after guessing posted a fourth-quarter profit that exceeded analysts’ expectations. The company reported earnings per share of $ 1.18, beating a FactSet estimate of 56 cents per share. However, Guess sales were slightly below analysts’ estimates.