Stocks moving big after the bell: FSLR, AMC, NVAX
A worker installs photovoltaic solar panels at First Solar Inc. at the Agua Caliente Solar Project in Yuma County, Arizona.
Joshua Lott | Bloomberg | Getty Images
Check out the companies making headlines in after-hours trading.
The first Solar – Solar stocks gained 3.6%. The company reported a fourth-quarter loss of 7 cents per share compared to a 17 percent loss per share that analysts were predicting, according to FactSet. Revenue came in line with expectations at $1 billion. The company issued full-year guidance that was ahead of expectations for earnings and earnings per share.
AMC Entertainment – Shares of the meme-stock darling slipped less than 1%. The company posted a wider-than-expected loss of 26 cents per share for the fourth quarter, compared with the 21 percent loss per share expected by analysts surveyed by Refinitiv. AMC also reported fourth-quarter revenue of $991 million, while analysts were expecting $978 million in revenue.
Novavax – The biotech company fell 24% after the company raised doubts about its ability to stay in business. The company lost $2.28 per share, much larger than the loss of $1.01 per share expected by analysts polled by FactSet. Revenue also came in lower than expected at $357.4 million versus $383.1 million that was expected.
Riabha – Shares of the electric vehicle maker slipped nearly 7% after a mixed earnings report. The company posted an adjusted loss of $1.73 per share, compared with analysts’ forecasts for a loss of $1.94 per share, according to Refinitiv. Revenue came in below expectations at $663 million compared to analysts’ expectations of $742.4 million.
Drink Monster – The beverage maker slipped 6% after reporting revenue and earnings per share below the separate consensus estimates of analysts surveyed by FactSet. Earnings per share came in at 57 cents, 6 cents below the consensus estimate. Revenue for the quarter was $1.51 billion, lower than FactSet’s $1.6 billion. The company also announced a two-for-one stock split.
HP – Shares of the computing giant added 2%. The company posted a mixed earnings report, with HP beating the expectations of analysts surveyed by Refinitiv on earnings while missing revenue. Adjusted earnings per share came in at 75 cents, one percent above the Street estimate. Revenue came in at $13.83 billion, which is less than the $14.12 billion expected.
– CNBC’s Darla Mercado added to the report