Check out the companies that are making headlines on Tuesday when trading after hours.
Verizon – Shares of the telecommunications giant were up 2% in out-of-hours trading after Warren Buffett’s Berkshire Hathaway revealed a large stake in Verizon. As of December 31, Berkshire Hathaway owned 146,716,496 Verizon shares worth $ 8.6 billion at the end of 2020.
SolarEdge – Shares of the solar inverter manufacturer were up more than 4% following the release of the company’s fourth quarter earnings results. SolarEdge earned 98 cents per share excluding items on $ 358.1 million in revenue. Analysts polled by FactSet expected the company to earn 66 cents a share on $ 355.5 million in revenue.
Chevron – Shares of the oil giant rose 2% in long-term trading after Berkshire Hathaway also revealed a stake in the energy company. The conglomerate bought more than 40 million Chevron shares in the fourth quarter, according to a legal filing.
QuantumScape – Shares of the battery company were up 5% after QuantumScape released its first quarterly report since its release in November. The company said it lost $ 2.41 per share. There were too few estimates to have a Street consensus for the quarter. The company said in a letter to shareholders that it believes it “has sufficient funding … to fund us through initial production.”
—CNBC’s Rich Mendez provided reporting.
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