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See the companies making headlines after the bell:
Zoom Video – Zoom Video shares jumped more than 9% after reporting another blowout quarter. The video conferencing company said its revenue in the fiscal second quarter more than quadrupled from a year earlier. According to Refinitiv, its earnings came in at 92 cents per share, easily surpassing analyst expectations of 45 cents per share. The stock has gained more than 370% this year.
Eastman Kodak – Eastman Kodak’s shares rose more than 13% after disclosing a 5.2% stake in the company in a 13-G filing by hedge fund D. Shaw. The stock has been highly volatile in recent weeks after the Trump administration announced plans to loan it $ 765 million to produce drug paraphernalia. The loan was later withheld as regulators began investigating how Kodak disclosed the government deal.
Rackspace Technology – Rackspace Technology shares slipped more than 7% after the quarterly loss was reported by the cloud computing company. Rackpett said that according to FactSet, it lost 20 cents per share in the second quarter, an estimate of 15 cents in earnings per share. Its revenue was in line with expectations.
Tesla – Tesla shares rose 3% in extended trading, building on momentum following a 5-for-1 stock split that took effect on Monday. Trading was heavier than usual during Monday’s session as Tesla shares exchanged 115.6 million times, well above their 30-day volume average of 73.3 million. The stock rose 12.5% on Monday, bringing its 2020 profit to over 495%.