Jen Van Santvoord rides her Peloton train bike at her house on April 07, 2020 in San Anselmo, California.
Ezra Shaw | Getty Photos
Try the businesses making headlines after hours Wednesday.
Tesla — The electrical automobile maker’s inventory popped 3% after Tesla reported third-quarter earnings and revenue that topped analysts’ expectations at 76 cents per share and $8.77 billion, respectively. The revenue outcomes symbolize Tesla’s fifth consecutive quarter of constructive earnings, the result of a record 139,300 delivered vehicles within the three months ended Sept. 30.
Chipotle Mexican Grill — The burrito chain noticed its inventory drop greater than 5% in after-hours buying and selling after the corporate stated a shift to delivery orders ballooned costs and led to decreased drink gross sales within the third quarter. Chipotle topped revenue expectations with per-share earnings of $3.76, however its internet earnings fell to $80.2 million from $98.6 million within the year-ago interval.
Las Vegas Sands — Shares of Las Vegas Sands rose about 5% in after-hours buying and selling after the on line casino operator posted a smaller-than-expected loss for the third quarter and revenues bigger than Wall Avenue’s consensus estimate. It reported a third-quarter lack of 67 cents per share on revenues of $586 million. Analysts had anticipated a loss per share of 73 cents on revenues of $579 million.
Align Technology — Shares of Align, the corporate that owns Invisalign enamel aligners, soared greater than 20% after the bell due to better-than-expected shipments of its clear aligners within the third quarter. Align reported a revenue of $2.25 per share, far exceeding consensus estimates of lower than $1.
Peloton — Shares of the train gear firm shed 3% after Goldman Sachs downgraded the stock to neutral from buy. Whereas Goldman analyst Heath Terry stated he is nonetheless optimistic in Peloton in the long run, he suggested purchasers to avoid the richly-valued fairness over the subsequent few months as buyers have already pushed its value up greater than 330% in 2020.
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