A shopper sights autos on screen in a showroom of the Avilon dealership owned by the Ford Motor Company in Moscow. Anton Novoderezhkin/TASS (Photo by Anton NovoderezhkinTASS through Getty Photographs)
Anton Novoderezhkin | TASS | Getty Photos
Check out the businesses earning headlines soon after the bell.
Micron Technology — The semiconductor firm’s stock jump 5% in extended investing after Micron posted a double conquer on earnings and profits in the second quarter. The business described earnings of 45 cents for every share excluding some products on earnings of $4.80 billion, although analysts envisioned earnings of 37 cents per share on profits of $4.69 billion, according to Refinitiv.
Shoe Carnival — The footwear retailer’s stock soared 12% in prolonged investing right after the organization beat estimates on earnings and revenue in the fourth quarter. Shoe Carnival documented earnings of 24 cents for every share on earnings of $239.9 million. Analysts polled by FactSet experienced a consensus of 21 cents per share for earnings and $238. million for profits.
Uber Technologies — The trip-share firm’s inventory was up 2% in extended buying and selling after Uber stated that it was earning it much easier for its drivers to have extra earnings possibilities through the coronavirus outbreak. The business despatched motorists an in-application notification with recommendations on how to toggle in between the Driver perspective and the Uber Eats Delivery check out to make it less difficult for them to see how they could start out delivering food stuff in addition to offering rides. “So considerably, much more than 15% of drivers who have obtained the concept have previously completed their initial-at any time Uber Eats deliveries,” Pierre-Dimitri Gore-Coty, head of Uber Eats, stated in a assertion on the company’s web-site.
Ford Motor — The automaker’s inventory dropped 1% in extended buying and selling immediately after the company’s credit rating ranking was reduce to junk status by the S&P Worldwide Ratings. Ford’s credit rating dropped from BBB- to BB+, in accordance to a statement from the S&P. The agency also set Ford’s score on CreditWatch. “The coronavirus has sent supply-side and demand-facet shocks to light-motor vehicle desire,” S&P stated in outlining its rationale powering the choice.
Boyd Gaming — Shares of the gaming organization fell 2% just after the bell. The organization declared Wednesday that it was suspending its quarterly dividend and withdrawing yearly steerage mainly because of the effects of the coronavirus on its functions. All of Boyd’s functions are at this time shut in order to stop the virus from spreading.