Global Courant 2023-05-09 02:24:32
People stand in front of a banner with signs from Palantir Technologies Inc. during the company’s initial public offering (IPO) for the New York Stock Exchange (NYSE) in New York, September 30, 2020.
Michael Nagel | Bloomberg | Getty Images
Check out the companies making headlines in after-hours trading.
Bright – The electric vehicle maker lost 8% after the company posted growing losses in the first quarter, but said it has enough cash to carry on into next year. The company missed expectations for revenue, reporting $149.4 million against a consensus estimate of $209.9 million from analysts polled by Refinitiv.
Palantir — The software share rose 22% after Palantir beat analysts’ expectations for the first quarter and issued optimistic guidance. Palantir reported 5 cents in adjusted earnings per share on $525 million in revenue, while analysts polled by Refinitiv forecast 4 cents in earnings per share and $506 million in revenue. The company also issued a strong outlook for full-year profitability.
PayPal — Equities fell about 5.5%. PayPal issued weak current quarter earnings-per-share guidance while raising its full-year guidance. Separately, the digital payments business exceeded top and bottom line expectations for the first quarter, Refinitiv said.
Aerial works — The share of semiconductors fell by almost 9%. Skyworks said company fundamentals remained strong in the second quarter despite challenging conditions, but third-quarter earnings and revenue fell short of Wall Street expectations. The company reported second-quarter earnings of $2.02 per share, excluding items, in line with analyst expectations, Refinitiv said. Sales were also in line with the street’s forecast.
