Jeff Bezos, CEO of Amazon
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Look at the companies that make headlines:
Amazon – Trader shares rose 1% in after-hours trading due to quarterly results that beat analysts’ expectations. Amazon reported revenue of $ 14.09 per share on revenue of $ 125.56 billion. Analysts surveyed by Refinitiv expected earnings of $ 7.23 per share on revenue of $ 119.7 billion. The company also announced that CEO Jeff Bezos is stepping down, which will take effect later this year.
Alphabet – Alphabet shares rose 6% after the technology giant achieved better-than-expected results for the previous quarter. The company reported earnings per share of $ 22.30 on revenue of $ 56.9 billion. Analysts surveyed by Refinitiv expected earnings of $ 15.90 per share on revenue of $ 53.13 billion.
GameStop – Shares of the brick-and-mortar video game retailer continued to trade after hours on Tuesday after a 60% drop in the regular session. Shares were down more than 70% this week as the short-term trade unraveled.
Chipotle – Shares in the fast-food Mexican chain fell 4% in extended trading on Tuesday after the company missed analysts’ expectations for its quarterly earnings. Chipotle is earning $ 3.48 per share, according to Refinitiv, missing estimates of $ 3.73 per share. Revenue was in line with estimates of $ 1.61 billion.
Electronic Arts – Electronic Arts traded up more than 5% after hours after the release of its earnings report. Earnings are 72 cents per share, which is not comparable to the estimates. Electronic Arts earned $ 2.4 billion in revenue, slightly more than a $ 2.39 billion Refinitiv forecast.
Amgen – Shares of the biotechnology company showed 1.5% lower in trading after hours, despite announcing the best and bottom quarterly results that beat analysts’ estimates. Amgen earned $ 3.81 per share on $ 6.63 billion in revenue. According to Refinitiv, Wall Street expected revenue of $ 3.39 per share on revenue of $ 6.58 billion.
– with coverage by CNBC’s Rich Mendez.