The Tesla logo that can be seen in one of its showrooms. Tesla today announced its results for the first quarter of 2021.
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Check out the companies that are making headlines after the bell:
Tesla – Tesla shares rose more than 2% in expanded trading after the electric vehicle maker’s earnings exceeded Wall Street’s expectations in both sales and earnings in the second quarter. Tesla reported quarterly adjusted earnings of $ 1.45 per share on revenue of $ 11.96 billion. Analysts estimated earnings of 98 cents per share on sales of $ 11.3 billion, according to Refinitiv. Tesla reported net income of more than $ 1 billion for the quarter and a $ 23 million impairment loss related to Bitcoin.
F5 Networks – F5 Networks’ shares rose more than 5% after hitting earnings in the third quarter after hours. The tech company reported adjusted earnings of $ 2.76 per share, compared with analysts’ estimate of $ 2.46 per share, according to Refinitiv. F5 Networks also posted revenue of $ 652 million versus Wall Street’s forecast of $ 638 million.
Ameriprise Financial – Ameriprise Financial stocks fell about 1% in extended trading, even after the company’s earnings beat analysts’ expectations in the second quarter. Ameriprise Financial reported adjusted earnings of $ 5.27 per share on revenue of $ 3.42 billion, versus analyst estimates of $ 5.21 per share on revenue of $ 3.38 billion, according to StreetAccount. Dollar.
Coinbase – Coinbase stocks declined more than 1% in expanded trading after closing 9% higher in the regular session. The cryptocurrency exchange saw its share jump when Bitcoin surged above the $ 40,000 mark, but the token’s price has since fallen from its highs. Amazon denied an earlier report that it would start accepting bitcoin for payments this year.