The Facebook logo is displayed on a phone screen and keyboard.
Jakub Porzycki | NurPhoto via Getty Images
Check out the companies that are making headlines after the bell::
Facebook – The social media giant’s shares fell more than 4% after close of trading on Wednesday after quarterly results. Earnings were $ 3.88 per share, according to Refintiv, 66 cents above estimates. Facebook had sales of $ 28.07 billion, up over the forecast $ 26.44 billion. The company said it had benefited from a shift towards online retailing in 2020, but cautioned that these trends could weaken or reverse and “could act as a headwind to our ad revenue growth.” Facebook also warned of the upcoming changes in Apple’s iOS 14.
Tesla – The electric vehicle manufacturer’s shares fell 2% after Tesla missed earnings expectations for the fourth quarter. The company reported adjusted earnings per share of 80 cents, compared to what the Street expected to be $ 1.03 per share. However, revenue exceeded expectations and came in at $ 10.74 billion versus the consensus estimate of $ 10.4 billion.
GameStop, AMC Entertainment – GameStop and AMC Entertainment stocks fell 5% and 15%, respectively, after prolonged rallies during the retail-fueled session of expanded trading. GameStop’s shares closed 134.8% and AMC Entertainment’s shares rose 301.2% on Wednesday.
Apple – The iPhone maker’s shares fell about 0.8% in expanded trading despite reports of blowout gains. Apple reported earnings per share of $ 1.68, beating estimates of $ 1.41 per share, according to Refinitiv. Revenue of $ 111.44 billion was above the forecast of $ 103.28 billion. This marks the first time Apple has posted sales of more than $ 100 billion in a single quarter.
Levi Strauss – The jeans maker’s shares rose more than 1.5% in expanded trading after hitting the income statement for the quarterly results. Levi reported earnings of 20 cents per share on sales of $ 1.39 billion. According to Refinitiv, analysts forecast earnings of 15 cents per share on sales of 1.34 billion US dollars.
Las Vegas Sands – The casino operator’s shares rose more than 1% after the close of trading, according to the trading report. Las Vegas Sands posted a 37 cents per share loss, compared to the 32 cents per share expected loss on Wall Street, according to Refintiv. The revenue also fell short of estimates.
– With reports from CNBC’s Pippa Stevens.