Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

A customer fills up at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, USA on Monday March 7, 2022.

David Ryder | Bloomberg | Getty Images

Check out the companies making headlines after the bell.

Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported fourth-quarter earnings and sales that beat analysts’ expectations. However, Tesla’s gross margins were at their lowest levels in the last five quarters.

related investment news

Pro Picks: Check out all of Wednesday's big stock picks on CNBC

CNBC Pro

rafters — Shares rose 2.7% after the oil company announced a $75 billion share buyback program.

service now — The software stock plummeted 4% after ServiceNow released its latest earnings results. ServiceNow posted earnings per share of $2.28, beating a Refinitiv guidance of $2.02 per share. Revenue, meanwhile, matched a consensus estimate of $1.94 billion.

Levi Strauss — The denim company rose 7% after its profit and revenue for the fourth quarter beat expectations. The company also shared full-year guidance of earnings per share of between $1.30 and $1.40, compared to StreetAccount’s estimate of $1.35.

Las Vegas sand — The casino operator’s shares gained more than 4% after Las Vegas Sands released its latest quarterly results. The company lost 19 cents a share on revenue of $1.12 billion. Analysts were expecting a loss of 9 cents a share on sales of $1.18 billion. However, the company’s adjusted real estate EBITDA of $329 million beat a StreetAccount forecast of $319 million.

International Business Machines — IBM beat quarterly earnings and revenue guidance, but the stock fell more than 2%. Management said it expects currency-neutral sales for 2023 to be in line with its model in the mid-single digits. IBM also said it would cut nearly 4,000 jobs, or about 1.5% of its workforce.

CSX — CSX reported earnings and revenue numbers that slightly beat analysts’ expectations, but the stock slipped 0.2%. The rail freight company earned 49 cents a share on revenue of $3.73 billion. Analysts polled by Refinitiv were expecting earnings of 46 cents per share on sales of $3.72 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *