Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019.
Greg Baker| AFP | Getty Images
Check out the companies making headlines after the bell:
Ford – The automaker’s stock dropped 10% in extended trading after the company missed on earnings but beat revenue in its fourth-quarter results. The company lost nearly $1.7 billion during the fourth quarter on higher North American warranty costs tied to the relaunch of the Explorer, increased labor costs and global restructuring spending. Ford reported earnings of 12 cents per share excluding some items on revenue of $36.7 billion, while analysts expected earnings of 15 cents per share on revenue of $36.49 billion, according to Refinitiv.
Chipotle Mexican Grill – The restaurant company’s stock rose more than 1% in extended trading after the company reported strong fourth-quarter results that beat the top and bottom line. Same-store sales were up 13.4% compared to the analysts’ estimates of 9.5%, according to Refinitiv. Chipotle reported earnings of $2.86 per share excluding items on revenue of $1.44 billion. Analysts expected $2.75 per share on revenue of $1.40 billion in the fourth quarter, according to Refinitiv.
Snap – The social media company’s stock slipped 10% in extended trading after the company missed on revenue in its fourth-quarter results. The company reported earnings of 3 cents per share on revenue of $561 million while analysts expected 1 cent per share on revenue of $563 million, according to Refinitiv. Snap’s daily active users came in at 218 million, while analysts expected 215 million.
Gilead Sciences – Shares of the biotechnology company dropped more than 2% in extended trading after it missed on earnings but beat on revenue in its fourth-quarter results. The company reported earnings of $1.30 per share excluding items on revenue of $5.88 billion while analysts expected earnings of $1.67 per share on revenue of $5.71 billion, according to Refinitiv. Gilead Sciences also offered weak 2020 guidance as the company expected lower earnings and revenue compared to analysts’ estimates.
Nike – The footwear manufacturing company’s stock slipped more than 1% in extended trading after the company said the coronavirus will have a material impact on its operations in greater China in the short term. The company announced that half of its stores are closed in China and the overall traffic is reduced due to the impact of the virus.
Match Group – Shares of the online dating company fell more than 7% in extended trading after it missed on revenues but beat on earnings per share. The company reported earnings of 45 cents per share on revenue of $547 million while analysts expected earnings of 44 cents per share on revenue of $554 million, according to Refinitiv. The average revenue per user came in at 59 cents, while Wall Street expected 60 cents.
Take-Two Interactive Software – The video game company’s stock fell more than 5% in extended trading after Rockstar Games co-founder Dan Houser announced he is leaving the company in an SEC filing ahead of the company’s earnings on Thursday.
Disney – Shares of the mass media and entertainment company whipsawed in extended trading after the company reported strong first-quarter results that beat analysts’ estimates. The company beat earnings estimates by 9 cents per share, reporting a quarterly profit of $1.53 per share. Revenue also beat Wall Street forecasts. The results mark Disney’s first earnings report since the launch of Disney + which now has $26.5 million subscribers, up from 10 million subscribers when it initially launched in November last year.
CNBC’s Michael Wayland and Annie Palmer contributed to this story.