Amazon CEO Jeff Bezos
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See companies making headlines after the bell:
The retailer’s Amazon-shares posted a 1% jump in after-hours trading following quarterly results that met analyst expectations. Amazon reported earnings per share of $ 14.09 on revenue of $ 125.56 billion. Analysts offered by Refinitive expected a profit of $ 7.23 per share on revenue of $ 119.7 billion. The company also announced that CEO Jeff Bezos is stepping down from his position later this year.
Alphabet – Alphabet shares rose 6% after reporting better-than-expected results by tech giants for the previous quarter. The company recorded earnings per share of $ 22.30 on revenue of $ 56. billion. Analysts offered by Refinitive expected a profit of $ 15.90 per share on revenue of $ 53.13 billion.
GameStop – Shares of the brick-and-mortar video game retailer continued in after-hours trading on Tuesday after falling 60% in the regular season. The shares have lost more than 70% this week.
Chipotle – Shares of the fast-food Mexican chain declined 4% in extended trading on Tuesday as the company missed analyst expectations for its quarterly earnings. According to refinitiv, Chipotle earned $ 3.48 per share, missing estimates of $ 3.73 per share. Revenue came in-line with an estimate of $ 1.61 billion.
Electronic Arts – Electronic Arts fell more than 5% in after-hours business after its earnings report was released. Earnings came in at 72 cents per share, which did not equal estimates. Electronic Arts generated revenue of $ 2.4 billion, slightly higher than the refinitive forecast of $ 2.39 billion.
Amgen – biotech company shares fell 1.5% in after-hours trading despite the top and bottom-line quarterly results being outperformed by analyst estimates. Amgen reported earnings of $ 3.81 per share on revenue of $ 6.63 billion. According to Refinitiv, Wall Street expected earnings of $ 3.39 per share on revenue of $ 6.58 billion.
– With reporting from CNBC’s Rich Mendez.