An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021.
Carlo Allegri | Reuters
Check out the companies making headlines after hours.
AMC — Shares jumped 4% after the entertainment company reported its “strongest first quarter in two full years” as consumers return to movie theaters. AMC beat on revenues with $785.7 million, compared to the $743 million expected by analysts polled by Refinitiv.
Novavax — Shares dropped more than 10% after the biotech company reported an earnings miss. Novavax reported adjusted earnings of $2.56 per share on revenue of $704 million. Analysts polled by Refinitiv were expecting earnings of $2.69 per share on revenue of $845 million. Still, Novavax reported its first profitable quarter from a global vaccine rollout.
Upstart — Shares tumbled 39% after the artificial intelligence company reported earnings. Upstart revenue of $310 million topped expectations. Analysts were expecting a quarterly profit of 51 cents per share on revenues of $300 million, according to consensus estimates from Refinitiv.
Source: https://www.cnbc.com/2022/05/09/stocks-making-the-biggest-moves-after-hours-amc-novavax-and-more.html