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.

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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.

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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.

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