A Tesla Model S is displayed during the London Motor Show and Technology at ExCel on May 16, 2019 in London, England.
John Keeble | fake pictures
Check out the companies that make headlines after the bell:
Netflix: Streaming service shares plummeted 10% in extended trading after publishing its second-quarter financial results. Netflix reported second quarter earnings of $ 1.59 per share on revenue of $ 6.15 billion. Analysts surveyed by Refinitiv expected earnings of $ 1.81 per share on revenue of $ 6.08 billion. Netflix also announced that Chief Content Officer Ted Sarandos will become co-CEO with current CEO Reed Hastings.
Tesla: Tesla shares fell nearly 2% in extended trading after dropping approximately 3% during the day. Tesla’s vehicle records nearly halved in California in the second quarter, as the coronavirus hurt car production and sales, according to a report released Thursday.
JB Hunt – The shares of the transportation company rose 3% after the final bell. JB Hunt posted second quarter earnings of $ 1.14 per share on revenue of $ 2.15 billion, exceeding analyst expectations. Analysts surveyed by Refinitiv expected earnings of 80 cents a share on revenue of $ 2.02 billion.
PPG Industries: PPG Industries shares rose 4% in extended trading following the release of its second-quarter financial results. PPG reported adjusted second quarter earnings of 99 cents per share on revenue of $ 3.02 billion. The earnings exceeded the expectations of analysts surveyed by FactSet, who expected earnings of 70 cents a share on revenue of $ 2.81 billion. PPG noted that one of the strengths for the quarter came from its global architectural coatings business, fueled by DIY demand during the coronavirus.
Norwegian Cruise Lines, Carnival – Cruise line stocks fell after the market closed and the CDC announced that it will ban US cruises until September. Norwegian Cruise Lines and Carnival shares fell 1% after hours. The original CDC order expired July 24, but the agency cited coronavirus outbreaks “in progress” on ships for its continued ban.
CBL & Associates: Mall owner shares fell 2% after market close. The move comes after CBL adjusted its leniency agreement on the notes due in 2023 and 2026 after the company missed interest payments on the notes due in June and was unable to pay within the 30 grace period. days, according to a SEC filing.
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