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Stocks making the biggest moves after hours: Facebook, Tesla, GameStop and more

Stocks making the biggest moves after hours: Facebook, Tesla, GameStop and more


Stocks making the biggest moves after hours: Facebook, Tesla, GameStop and more

Facebook’s logo displayed on a phone screen and keyboard.Jakub Porzycki | NurPhoto via Getty ImagesCheck out the companies making headlines after the bell:Facebook — Shares of the social media giant was down more than 4% in after hours trading on Wednesday following its quarterly results. Earnings came in at $3.88 per share, 66 cents above estimates, according to Refintiv. Facebook made $28.07 billion in revenue, higher than the forecast $26.44 billion. The company said that it benefited in 2020 by a shift toward online commerce but warned that these trends may moderate or reverse and “could serve as a headwind to our advertising revenue growth.” Facebook also warned about the looming changes in Apple’s iOS 14.Tesla —  Shares of the electric vehicle maker slid 2% after Tesla missed fourth quarter earnings expectations. The company reported earnings per share of 80 cents on an adjusted basis, compared to the $1.03 per share expected by the Street. Revenue did, however, top expectations, coming it at $10.74 billion versus the consensus estimate of $10.4 billion.GameStop, AMC Entertainment — Shares of GameStop and AMC Entertainment dipped 5% and 15%, respectively in extended trading after major rallies during the session fueled by retail investors. Shares of GameStop closed up 134.8% and shares of AMC Entertainment gained 301.2% on Wednesday.Apple — Shares of the iPhone maker dipped about 0.8% in extended trading despite reporting blowout earnings. Apple reported earnings per share of $1.68, topping estimates of $1.41 per share, according to Refinitiv. Revenue came in at $111.44 billion, higher than the forecast 103.28 billion. This is the first time Apple made more than $100 billion in revenue in a single quarter.Levi Strauss — Shares of the jeans maker rose more than 1.5% in extended trading after beating on the top and bottom lines of its quarterly earnings. Levi reported earnings of 20 cents per share on revenue of $1.39 billion. Analysts forecast earnings of 15 cents per share on revenue of $1.34 billion, according to Refinitiv.Las Vegas Sands — Shares of the casino operator gained more than 1% in after hours trading following its earnings report. Las Vegas Sands posted a loss of 37 cents per share, compared to the loss of 32 cents per share expected on Wall Street, according to Refintiv. Revenue also missed estimates.— With reporting from CNBC’s Pippa Stevens.

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