September 20, 2024

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Shares making the largest strikes after the bell: Novavax, First Sun, Rivian and extra

A employee installs First Sun Inc. photovoltaic sun panels on the Agua Caliente Sun Undertaking in Yuma County, Arizona.

Joshua Lott | Bloomberg | Getty Photographs

Take a look at the firms making headlines in after-hours buying and selling.

First Sun — The sun inventory received 3.6%. The corporate reported a fourth-quarter lack of 7 cents according to percentage when compared with a 17 cent per-share loss forecasted by way of analysts, in line with FactSet. Earnings got here in keeping with expectancies at $1 billion. The corporate issued full-year steerage that used to be forward of expectancies on per-share profits and income.

AMC Leisure – Stocks of the meme-stock darling slipped not up to 1%. The corporate posted a wider-than-expected lack of 26 cents according to percentage for the fourth quarter, in comparison to the 21 cent per-share loss forecasted by way of analysts polled by way of Refinitiv. AMC additionally reported fourth-quarter income of $991 million, whilst analysts expected $978 million in income.

Novavax — The biotechnology corporate tumbled 24% after the corporate raised doubts about its skill to stick in industry. The corporate misplaced $2.28 according to percentage, a lot greater than the $1.01 per-share loss anticipated by way of analysts polled by way of FactSet. Earnings additionally got here in under expectancies at $357.4 million when compared with $383.1 million expected.

Rivian — Stocks of the electric-vehicle maker slipped just about 7% following a combined profits document. The corporate posted an adjusted lack of $1.73 according to percentage, in comparison to analysts’ forecasts for a lack of $1.94 according to percentage, in line with Refinitiv. Earnings got here in less than anticipated at $663 million when compared with analysts’ $742.4 million expectation.

Monster Beverage — The beverage maker slid 6% after reporting income and per-share profits under the respective consensus estimates of analysts polled by way of FactSet. Profits according to percentage got here in at 57 cents, 6 cents under the consensus estimate. Earnings for the quarter used to be $1.51 billion, under FactSet’s $1.6 billion. The corporate additionally introduced a two-to-one inventory cut up.

HP — Stocks of the computing large added 2%. The corporate posted a combined profits document, with HP beating the expectancies of analysts polled by way of Refinitiv on profits whilst lacking on income. Adjusted profits according to percentage got here in at 75 cents, one cent above the Side road’s estimate. Earnings got here in at $13.83 billion, which is not up to the $14.12 billion anticipated.

— CNBC’s Darla Mercado contributed reporting