Stocks move big after the close: DOCU, GM, MTN
The DocuSign website on a laptop in Dobbs Ferry, New York, on April 1, 2021.
Tiffany Hagler-Geard | Bloomberg | Getty Images
Check the companies that make headlines after working hours.
DocuSign — DocuSign jumped 5.6% in extended trading after the electronic contracts firm beat analysts’ expectations in the first quarter on the top and bottom lines. DocuSign posted first-quarter adjusted earnings of 72 cents per share, topping consensus estimates of 56 cents, according to Refinitiv. It reported revenue of $661 million, beating expectations of $642 million.
Vail Resorts — Shares fell 3.9% after Vail Resorts missed third-quarter earnings expectations. The mountain holiday company delivered a result of USD 8.18 per share, while analysts polled by Refinitiv expected USD 8.84 per share. It reported revenue of $1.24 billion, missing estimates of $1.27 billion.
General Motors — General Motors advanced 3% after CEO Mary Barra and Tesla CEO Elon Musk said the automaker will join Ford Motor in partnering with Tesla to use the electric carmaker’s charging network in North America. Tesla shares also rose 3% in extended trading.
Comtech Telecommunications — Shares fell 2.8% after Comtech Telecommunications reported fiscal third-quarter results. The satellite communications firm reported a GAAP loss of 33 cents per share, wider than the same period a year ago when it posted a loss of 6 cents per share. It slightly beat revenue expectations, reporting $136.3 million, compared with consensus estimates of $136 million, according to FactSet.
