A purchaser sights cars on show in a showroom of the Avilon dealership owned by the Ford Motor Enterprise in Moscow. Anton Novoderezhkin/TASS (Photo by Anton NovoderezhkinTASS by using Getty Photos)
Anton Novoderezhkin | TASS | Getty Photos
Examine out the organizations creating headlines right after the bell.
Micron Technology — The semiconductor company’s stock soar 5% in prolonged buying and selling after Micron posted a double conquer on earnings and revenue in the 2nd quarter. The corporation documented earnings of 45 cents per share excluding some items on profits of $4.80 billion, though analysts anticipated earnings of 37 cents per share on revenue of $4.69 billion, in accordance to Refinitiv.
Shoe Carnival — The footwear retailer’s inventory soared 12% in extended trading immediately after the firm defeat estimates on earnings and income in the fourth quarter. Shoe Carnival claimed earnings of 24 cents for every share on income of $239.9 million. Analysts polled by FactSet experienced a consensus of 21 cents for every share for earnings and $238. million for income.
Uber Technologies — The journey-share firm’s stock was up 2% in prolonged buying and selling immediately after Uber explained that it was creating it a lot easier for its motorists to have a lot more earnings options all through the coronavirus outbreak. The firm sent drivers an in-app notification with recommendations on how to toggle in between the Driver check out and the Uber Eats Delivery look at to make it a lot easier for them to see how they could start off providing food in addition to providing rides. “So much, much more than 15% of motorists who have gained the concept have previously accomplished their 1st-ever Uber Eats deliveries,” Pierre-Dimitri Gore-Coty, head of Uber Eats, claimed in a statement on the firm’s web site.
Ford Motor — The automaker’s inventory dropped 1% in prolonged buying and selling just after the company’s credit rating was slash to junk standing by the S&P International Ratings. Ford’s credit dropped from BBB- to BB+, in accordance to a assertion from the S&P. The agency also set Ford’s rating on CreditWatch. “The coronavirus has delivered supply-aspect and demand from customers-side shocks to light-weight-vehicle demand,” S&P mentioned in conveying its rationale driving the determination.
Boyd Gaming — Shares of the gaming enterprise fell 2% immediately after the bell. The firm introduced Wednesday that it was suspending its quarterly dividend and withdrawing once-a-year steering for the reason that of the affect of the coronavirus on its functions. All of Boyd’s operations are at present shut in get to reduce the virus from spreading.