Amazon CEO Jeff Bezos
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Check out the companies that make headlines after the bell:
Amazon – Shares of the retailer were up 1% in after-hours trading thanks to quarterly results that beat analyst expectations. Amazon reported earnings per share of $ 14.09 on sales of $ 125.56 billion. Analysts polled by Refinitiv expected earnings of $ 7.23 per share on revenue of $ 119.7 billion. The company also announced that CEO Jeff Bezos would step down from his position later this year.
Alphabet – Shares of Alphabet rose 6% after the tech giant reported better-than-expected results for the previous quarter. The company reported earnings per share of $ 22.30 on revenues of $ 56.9 billion. Analysts polled by Refinitiv expected earnings of $ 15.90 per share on revenue of $ 53.13 billion.
GameStop – Shares of the physical video game retailer continued to fall in after-hours trading Tuesday after falling 60% during the regular session. Shares are down more than 70% this week as short squeeze trading expands.
Chipotle – Shares of the Mexican fast-food chain fell 4% on Tuesday during extended trading after the company missed analyst expectations for its quarterly earnings. Chipotle earned $ 3.48 per share, while estimates of $ 3.73 per share were missing, according to Refinitiv. Sales were in line with estimates of $ 1.61 billion.
Electronic Arts – Electronic Arts was down more than 5% in out of hours trading after publishing its earnings report. Earnings came in at 72 cents per share, which was not comparable to estimates. Electronic Arts made $ 2.4 billion in revenue, slightly more than a Refinitiv forecast of $ 2.39 billion.
Amgen – Stocks of the biotech company were down 1.5% in out-of-hours trading, despite the release of the top and bottom quarterly results surpassing analyst estimates. Amgen reported earnings of $ 3.81 per share on revenues of $ 6.63 billion. Wall Street expected earnings of $ 3.39 per share on sales of $ 6.58 billion, according to Refinitiv.
– with reporting from CNBC’s Rich Mendez.