Tesla, Snap, GameStop & more

A man walks outside a GameStop store in the Jackson Heights neighborhood of New York City, New York, January 27, 2021.

Nick Zieminski | Reuters

Check out the companies that hit the headlines on Monday after the bell:

Tesla – Shares in the electric vehicle maker were down 1% despite the company posting better-than-expected results in the first quarter. Tesla achieved earnings per share of 93 cents on sales of $ 10.39 billion. Analysts polled by Refinitiv expected earnings per share of 79 cents on sales of 10.29 billion US dollars.

GameStop – The video game retailer’s shares rose 9% after the company announced it had completed its previously announced stock offering program in the market. GameStop generated $ 551 million in revenue on the sale and said the net proceeds will be used to further accelerate the company’s transformation and general corporate purposes.

NXP Semiconductors – The semiconductor manufacturer’s inventory declined slightly after the company released its first quarter results. NXP had sales of $ 2.57 billion, barely exceeding a refinitive forecast of $ 2.56 billion. The company also reported earnings of $ 1.25 per share, but that didn’t compare with a refinitive forecast of $ 2.21 per share. NXP’s revenue guidance for the second quarter was in line with expectations.

Snap – The social media giant’s stock fell 1% after the company announced it was selling a $ 1 billion convertible bond offering. Snap intends to use the proceeds from the offering for general corporate purposes.

Lyft – The hailship company’s shares rose 2% after Lyft announced it was selling its self-propelled division to Toyota for $ 550 million. Lyft said the sale will help the company save $ 100 million in operating costs.

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