Take a look at out the companies making headlines after the bell.
Micron Technology — The semiconductor company’s stock soar 5% in prolonged buying and selling after Micron posted a double beat on earnings and earnings within the 2d quarter. The company reported earnings of forty five cents per fragment rather than some objects on earnings of $four.eighty billion, whereas analysts expected earnings of 37 cents per fragment on earnings of $four.69 billion, fixed with Refinitiv.
Shoe Carnival — The shoes retailer’s stock soared 12% in prolonged buying and selling after the corporate beat estimates on earnings and earnings within the fourth quarter. Shoe Carnival reported earnings of 24 cents per fragment on earnings of $239.9 million. Analysts polled by FactSet had a consensus of 21 cents per fragment for earnings and $238.zero million for earnings.
Uber Applied sciences — The scurry-fragment company’s stock modified into up 2% in prolonged buying and selling after Uber acknowledged that it modified into making it simpler for its drivers to have extra earnings opportunities right thru the coronavirus outbreak. The company despatched drivers an in-app notification with instructions on toggle between the Driver view and the Uber Eats Offer view to construct it simpler for them to gaze how they might perchance inaugurate turning in food moreover to to giving rides. “To this level, bigger than 15% of drivers who have bought the message have already done their first-ever Uber Eats deliveries,” Pierre-Dimitri Gore-Coty, head of Uber Eats, acknowledged in a statement on the corporate’s web plot.
Ford Motor — The automaker’s stock dropped 1% in prolonged buying and selling after the corporate’s credit standing modified into lower to junk whisper by the S&P World Ratings. Ford’s credit dropped from BBB- to BB+, fixed with a press liberate from the S&P. The company also establish Ford’s ranking on CreditWatch. “The coronavirus has delivered offer-aspect and demand-aspect shocks to light-automobile demand,” S&P acknowledged in explaining its rationale at the help of the resolution.
Boyd Gaming — Shares of the gaming company fell 2% after the bell. The company announced Wednesday that it modified into suspending its quarterly dividend and withdrawing annual steering thanks to the affect of the coronavirus on its operations. All of Boyd’s operations are currently closed in yell to quit the virus from spreading.