Shares transfer strongly after the bell: FSLR, AMC, NVAX
A worker installs First Solar Inc. photovoltaic solar panels at the Agua Caliente solar project in Yuma County, Arizona.
Joshua Lott | Bloomberg | Getty Images
Check out the companies making headlines in after-hours trading.
first sun — The solar stock gained 3.6%. According to FactSet, the company reported a loss of 7 cents per share in the fourth quarter, compared to a loss of 17 cents per share that analysts had forecast. Sales met expectations at $1 billion. The company issued full-year guidance that beat expectations for earnings and sales per share.
AMC entertainment – Shares of the meme stock darling slipped less than 1%. The company posted a bigger-than-expected loss of 26 cents per share for the fourth quarter, compared to the loss of 21 cents per share forecast by analysts polled by Refinitiv. AMC also reported fourth-quarter revenue of $991 million, while analysts were expecting revenue of $978 million.
Novavax — The biotechnology company plunged 24% after the company expressed doubts about its ability to stay in business. The company lost $2.28 per share, much more than the $1.01 per share loss expected by analysts polled by FactSet. Revenue also fell short of expectations at $357.4 million compared to the expected $383.1 million.
Rivian — Shares of the electric vehicle maker fell nearly 7% after a mixed earnings report. The company posted an adjusted loss of $1.73 per share, according to Refinitiv, compared to analysts’ forecasts for a loss of $1.94 per share. Revenue came in lower than expected at $663 million compared to analysts’ expectation of $742.4 million.
monster drink — The beverage maker slipped 6% after reporting sales and earnings per share below respective consensus estimates by analysts polled by FactSet. Earnings per share came in at 57 cents, 6 cents below the consensus estimate. Revenue for the quarter was $1.51 billion, below FactSet’s $1.6 billion. The company also announced a two-for-one stock split.
hp — Shares of the computer giant gained 2%. The company released a mixed earnings report, with HP beating analysts polled by Refinitiv for earnings while missing sales. Adjusted earnings per share were 75 cents, a cent above Street’s estimate. Revenue came in at $13.83 billion, down from the expected $14.12 billion.
— CNBC’s Darla Mercado contributed to the coverage