Look at the companies that make headlines about after-hours trading on Tuesday.
Verizon – Shares in the telecommunications giant rose 2% in trading after hours after Warren Buffett’s Berkshire Hathaway revealed a major stake in Verizon. At December 31, Berkshire Hathaway owned 146,716,496 Verizon shares worth $ 8.6 billion at the end of 2020.
SolarEdge – Shares of the solar power plant manufacturer rose more than 4% following the announcement of the company’s earnings results in the fourth quarter. SolarEdge earns 98 cents a share, excluding items at $ 358.1 million in revenue. Analysts polled by FactSet expected the company to earn 66 cents a share on $ 355.5 million in revenue.
Chevron – The oil giant’s shares rose 2% in extended trading after Berkshire Hathaway also revealed a stake in the energy company. The conglomerate bought more than 40 million Chevron shares in the fourth quarter, according to a regulatory application.
QuantumScape – Battery company shares rose 5% after QuantumScape released its first quarterly report since its November release. The company said it lost $ 2.41 per share. There were too few estimates to have a consensus on the street for the quarter. The company said in a letter to shareholders that it believes it has sufficient financing to finance us through first production.
—CNBC’s Rich Mendez reported.
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