Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City.
Kena Betancur | Getty Images
Check out the companies making headlines after the bell:
Zoom Video — Shares of Zoom Video jumped more than 9% after reporting another blowout quarter. The video conferencing company said its revenue more than quadrupled in the fiscal second quarter compared to a year ago. Its earnings came in at 92 cents per share, easily beating analyst expectations of 45 cents per share, according to Refinitiv. The stock has soared more than 370% this year.
Eastman Kodak — Shares of Eastman Kodak popped more than 13% after hedge fund D.E Shaw disclosed a 5.2% stake in the company in a 13-G filing. The stock has been highly volatile in recent weeks after the Trump administration announced plans to award the onetime photography pioneer a $765 million loan to produce drug ingredients. The loan was later put on hold as regulators started a probe on how Kodak disclosed the government deal.
Tesla — Shares of Tesla rose 3% in extended trading, building on momentum following its 5-for-1 stock split that took effect on Monday. Trading was heavier than normal during Monday’s session as Tesla shares exchanged hands 115.6 million times, well above its 30-day volume average of 73.3 million. The stock surged 12.5% on Monday, bringing its 2020 gains to more than 495%.
Source: Finance - cnbc.com
