Nikola Motor Company two trucks
Source: Nicola Motor Company
Look at the companies making headlines after the bell:
Virgin Galactic – shares of the space travel company declined 8% in extended trading following the release of second quarter financial results. Virgin Galactic reported a loss of 30 cents per share and an adjusted EBITDA loss of $ 54 million for the quarter. The company has not recorded any revenue for the quarter with Virgin Galactic and has yet to begin its commercial space tours. The space travel company also announced that it projected to fly Sir Richard Branson in the first quarter of next year and plans to raise $ 460 million in sales of approximately 20.5 million shares of common stock.
Nicola – Shares of the hybrid truck manufacturer fell 2% after closing after rising more than 21% earlier in the day. Nikola is scheduled to report Tuesday’s earnings after Bell. Deutsche Bank said the stock looked attractive, issuing short-term buy ratings and maintaining its long-term hold rating.
ADT – ADT’s stock plunged 1% in extended trading after a jump of 56% the day before. The boom following the announcement by Google would invest $ 450 million for a 6.6% stake in ADT. The partnership will allow ADT to offer Google’s Nest smart home device to customers.
Take-to – video game publisher’s stock gained 4% in extended trading after reaching an earlier high on Monday. Take-Two reported its first quarter financial results after closing bell. The company’s revenue of $ 996 million surpassed Refinitiv analysts’ estimate of $ 844 million.
AIG – AIG shares fell 1% in WhatsApp and expanded trading after the insurance company released its second quarter financial results. Excluding some of AIG’s items, earnings of 66 cents per share beat the projected earnings of 50 cents per share expected by refinitive analysts.