Check out the companies that make headlines by the clock :
Shares in CBS by ticket d more than 2 percent lower in extended trading Thursday following the release of fourth quarter earnings. Adjusted earnings per share were $ 1.50, while analysts forecast $ 1.52. The TV broadcaster posted $ 4.02 billion in revenue, missing estimates of $ 4.13 billion.
Direct Consumer CBS All Access and Showtime subscribers reached 8 million, two years before the company's original schedule, said CEO Joe Ianiello. "As a result, we have set a new target of 25 million domestic bases combined from both of these direct consumer services by 2022," he added. The original target was 16 million by 2022.
Shares in Suncor Energy crossed 4 percent higher in extended trading based on news that Berkshire Hathaway bought 10.8 million shares in the Canadian energy company. The stock was later traded mostly flat.
Berkshire Hathaway also announced that it is eliminating its 41.4 million shareholding in Oracle. The shares dropped about 2 percent based on the news. Berkshire announced that it is reducing its stake in Apple and increasing its stake in JPMorgan and General Motors.
Shares in Applied Materials plunged up to 2 percent after the market was close despite reporting better than expected earnings in the first quarter. The production company hit the top and bottom line. Earnings per share were 81 cents, 2 cents higher than analysts predicted. Revenue was $ 3.75 billion, peaking estimates of $ 3.71 billion.
Chemours shares fell almost 4 percent after the Thursday following the release of their mixed fourth-quarter earnings. The chemical company earned $ 1.46 billion in revenue, missing estimates of $ 1.51 billion. Earnings per share were $ 1.05 cents, beating expectations by 6 cents.