A person walks in entrance of a GameStop retailer within the Jackson Heights neighborhood of New York Metropolis, New York, Jan. 27, 2021.
Nick Zieminski | Reuters
Take a look at the businesses making headlines after the bell on Monday:
Tesla — Shares of the electrical automobile maker slipped 1% even after the corporate launched better-than-expected results for the primary quarter. Tesla posted earnings per share of 93 cents on income of $10.39 billion. Analysts polled by Refinitiv anticipated earnings per share of 79 cents on income of $10.29 billion.
GameStop – Shares of the video-game retailer popped 9% after the corporate introduced it accomplished its beforehand introduced at-the-market fairness providing program. GameStop made $551 million from the sale, and mentioned the web proceeds can be used to proceed accelerating the corporate’s transformation in addition to basic company functions.
NXP Semiconductors — The semiconductor producer’s inventory fell barely after the corporate launched its first-quarter outcomes. NXP posted a income of $2.57 billion, barely topping a Refinitiv forecast of $2.56 billion. The corporate additionally reported a revenue of $1.25 per share, nonetheless that was not corresponding to a Refinitiv forecast of $2.21 per share. NXP’s second-quarter income steering, in the meantime, was in keeping with expectations.
Snap — The social media large’s inventory dipped 1% after the corporate introduced the sale of a $1 billion convertible bond providing. Snap intends to make use of proceeds from the providing for basic company functions.
Lyft — The ride-hailing firm’s inventory ticked up 2% after Lyft introduced it is selling its self-driving division to Toyota for $550 million. Lyft mentioned the sale will assist the corporate save $100 million in working bills.