Check out the companies making headlines after the bell on Wednesday:
Bumble – Bumble shares jumped 5.2% after the dating app company released its first quarterly report since going public in February. Bumble posted a revenue of $165.5 million. Analysts polled by Refinitiv expected revenue of $163.3 million. CNBC does not compare earnings estimates when a company reports for the first time since going public.
Oracle – Oracle shares slid 3.2% even after the company posted better-than-expected results for its fiscal third quarter. The computer software company reported earnings per share of $1.16 on revenue of $10.09 billion. Analysts surveyed by Refinitiv expected earnings per share of $1.11 on revenue of $10.07 million.
Tesla — Tesla shares climbed less than 1% after an analyst at Mizuho initiated the electric car maker with a buy rating and a price target of $775 per share. That target implies an upside of 16% from Wednesday’s close of $668.06. The analyst highlighted Tesla’s market leadership in the EV space as well as its “cutting-edge” battery technology.
MSG Networks — Shares of MSG Networks popped 4.7% after Bloomberg News reported the company was considering a merger with MSG Entertainment. The latter’s stock dipped marginally. The two companies split in 2015.
AMC Entertainment — Shares of the struggling movie-theater chain jumped more than 8% on the back of stronger-than-forecast revenue for the previous quarter. AMC posted a revenue of $162.5 million, topping a Refinitiv estimate of $142.3 million.
Cloudera — Cloudera shares tumbled more than 10% as the company’s disappointing full-year guidance overshadowed better-than-expected quarterly results. The software company expects full-year earnings to range between 35 cents per share and 39 cents per share. That’s below a FactSet median forecast of 48 cents per share. Cloudera also posted earnings per share of 15 cents, topping a Refinitiv forecast of 11 cents per share.
Source: Finance - cnbc.com
