Nvidia, the chip manufacturer, saw its stock surge by over 7% after reporting better-than-expected results for the latest quarter. The company posted adjusted earnings per share of 88 cents on revenue of $6.05 billion, beating estimates of 81 cents per share and $6.01 billion in revenue according to Refinitiv.
EBay reported its fourth-quarter earnings, beating analysts’ estimates. The company’s earnings per share, excluding items, stood at $1.07 on revenues of $2.51 billion. In comparison, Refinitiv analysts expected earnings of $1.06 per share and revenue of $2.47 billion. Following the announcement, eBay’s shares rose by as much as 3% after hours before experiencing a slight pullback.
Etsy experiences an after-hours surge in stock prices following the release of its quarterly results. The e-commerce firm’s shares increased by 5%. According to Refinitiv, Etsy generated $807 million in revenue, which surpassed the estimated amount of $752 million. Additionally, the company projected a revenue range of $600 million to $640 million for the current quarter, exceeding the anticipated $622 million estimate.
Moderna and Merck announced after hours that their personalized cancer vaccine for high-risk melanoma patients has been granted breakthrough status by the Food and Drug Administration (FDA). As a result, Moderna‘s shares rose by over 2% after hours, while Merck‘s shares increased by less than 1%.
Lucid, the electric vehicle maker, experienced an 8% drop in its shares during after-hours trading after reporting that its fourth-quarter revenue failed to meet expectations due to manufacturing challenges, with only 7,000 Air luxury sedans built last year. Lucid said it plans to produce between 10,000 and 14,000 vehicles in 2023.
Shares of Bumble, the online dating site, surged nearly 5% in after-hours trading as the company reported better-than-expected earnings and revenue for the fourth quarter. According to analysts polled by FactSet, Bumble posted revenue of $191 million, exceeding their estimated $186 million. The company’s revenue also surpassed expectations, reaching $242 million compared to analysts’ estimates of $236 million.
Shares of fertilizer producer Mosaic dropped by 3% in after-hours trading following its announcement of weaker-than-expected earnings for the fourth quarter. The company reported earnings of $1.74 per share, missing analysts’ estimated earnings of $2.13 per share according to FactSet. However, the company did report that its revenue for the quarter exceeded estimates.