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, U.S., Monday, March 7, 2022.

david ryder | Bloomberg | Getty Images

Find out which companies are making headlines after the bell.

You’re here – Shares rose 0.4% in volatile trading after the electric vehicle maker reported fourth-quarter earnings and revenue that beat analysts’ expectations. However, Tesla’s gross margins have hit the lowest levels in the past five quarters.

investment related news

CNBC Pro

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

ServiceNow — Software stock fell 4% after ServiceNow released its latest quarterly figures. ServiceNow reported earnings per share of $2.28, beating Refinitiv’s guidance of $2.02 per share. Revenue, meanwhile, was a consensus estimate of $1.94 billion.

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

Las Vegas Sands – Shares of the casino operator gained more than 4% after Las Vegas Sands released its latest quarterly results. The company lost 19 cents per share on revenue of $1.12 billion. Analysts had expected a loss of 9 cents per share on revenue of $1.18 billion. However, the company’s adjusted real estate EBITDA of $329 million exceeded StreetAccount’s forecast of $319 million.

International Business Machinery — IBM beat quarterly profit and revenue forecasts, but the stock fell more than 2%. Company management said it expects constant-currency revenue for 2023 to be in line with its mid-single-digit model. 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 just beat analysts’ expectations, but the stock fell 0.2%. The rail freight company earned 49 cents per share on revenue of $3.73 billion. Analysts polled by Refinitiv had expected earnings of 46 cents per share on revenue of $3.72 billion.


cnbc Business

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button