Business

Tesla, Netflix, LendingClub and more




The Tesla dealer in Eatonville, Florida, will be seen on March 1, 2019, the day after Tesla announced it was closing its stores as a cost-saving measure, in a shift to online sales only.

Paul Hennessy | NurPhoto | Getty pictures

Check out the companies that make headlines after Wednesday:

Netflix ̵[ads1]1; Shares of Netflix rose more than 5% hours after Pershing Square’s Bill Ackman said his company “recently” bought more than 3.1 million Netflix shares, making it a top-20 owner of the stock.

LendingClub – LendingClub’s shares fell 14.7% despite the fact that they reported strong earnings and turnover for the last quarter. The Fintech company’s revenue and revenue guidance for the first quarter were both lower than analysts had expected, according to Refinitiv.

Intel Technology Company saw its shares fall 2% after hours despite reporting better-than-expected results and delivering optimistic guidance. The company’s gross margin forecast or 52% in the first quarter missed estimates of almost 53%.

Tesla – Shares of the electric car manufacturer fell 2.6% after the company said that supply chain problems could persist throughout 2022, in its quarterly earnings report. Tesla beat analysts’ expectations for both earnings and revenue for the last quarter.

Levi Strauss – The clothing store’s shares rose 2.6% after the company reported quarterly results. It reported earnings of 41 cents per share, beating estimates by 1 cent. Revenues also beat expectations.

ServiceNow – The cloud company ServiceNow jumped 8.5% after calling Chirantan “CJ” Desai, its product and engineering manager, the new chief operating officer. It also reported earnings excluding items that beat Wall Street’s forecasts.

Lam Research – The semiconductor company’s shares fell 4.9% after Lam reported a loss of revenue in the last quarter’s results. It recorded $ 4.23 billion in revenue for the quarter, compared to expectations of $ 4.42 billion, according to FactSet.



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