The AMC Empire 25 close to Times Square is open as New York City’s cinemas reopen for the primary time in a year following the coronavirus shutdown, on March 5, 2021.
Angela Weiss | AFP | Getty Images
Check out the businesses making headlines after the bell on Wednesday:
Bumble – Bumble shares jumped 5.2% after the courting app company launched its first quarterly report since going public in February. Bumble posted a income of $165.5 million. Analysts polled by Refinitiv anticipated income of $163.3 million. CNBC doesn’t evaluate earnings estimates when a company stories for the primary time since going public.
Oracle – Oracle shares slid 3.2% even after the company posted better-than-expected outcomes for its fiscal third quarter. The computer software company reported earnings per share of $1.16 on income of $10.09 billion. Analysts surveyed by Refinitiv anticipated earnings per share of $1.11 on income of $10.07 million.
Tesla — Tesla shares climbed lower than 1% after an analyst at Mizuho initiated the electrical automotive maker with a purchase score and a value goal of $775 per share. That goal implies an upside of 16% from Wednesday’s shut of $668.06. The analyst highlighted Tesla’s market management within the EV space in addition to its “cutting-edge” battery technology.
MSG Networks — Shares of MSG Networks popped 4.7% after Bloomberg News reported the company was contemplating a merger with MSG Entertainment. The latter’s stock dipped marginally. The two firms break up in 2015.
AMC Entertainment — Shares of the struggling movie-theater chain jumped more than 8% on the again of stronger-than-forecast income for the earlier quarter. AMC posted a income of $162.5 million, topping a Refinitiv estimate of $142.3 million.
Cloudera — Cloudera shares tumbled more than 10% because the company’s disappointing full-year steerage overshadowed better-than-expected quarterly outcomes. The software company expects full-year earnings to vary between 35 cents per share and 39 cents per share. That’s under a FactSet median forecast of 48 cents per share. Cloudera additionally posted earnings per share of 15 cents, topping a Refinitiv forecast of 11 cents per share.