Pinterest, Snap, Peloton, Ford & extra
Pedestrians walk past Pinterest signage displayed outside the New York Stock Exchange.
Michael Nagle | Bloomberg | Getty Images
Check out the companies that are making headlines after the bell:
Pinterest – The image-sharing company’s shares rose 8.1% on quarterly earnings higher than analysts expected as the impact of the pandemic kept people at home busy with the app. Pinterest made 43 cents per share on sales of $ 706 million. Analysts polled by Refinitiv expected the company to make 32 cents per share on sales of $ 646 million.
Ford – The automaker saw its shares rise briefly by more than 3% after announcing it would invest $ 29 billion in electric and autonomous vehicles by 2025. Ford also reported better-than-expected fourth-quarter earnings. The adjusted earnings per share were according to Refinitiv at 34 cents compared to an expected loss of 7 cents.
Snap – Snap fell 10.1% in after-hours trading after the social media company expected to lose money in the first quarter. Snap expects adjusted EBITDA losses between $ 50 million and $ 70 million. According to Refinitiv, analysts expected adjusted EBITDA of $ 19.3 million for the first quarter. The company also found that it suffered commercial breaks for two weeks during the January 6th uprising in the U.S. Capitol.
Peloton – The home fitness equipment manufacturer’s shares were down more than 6% after the company warned that in the short term it still faced hurdles in getting items to its customers quickly while demand rises. Peloton also posted quarterly revenue growth of 128% to mark its first billion dollar quarter and improved its revenue outlook for the full year.
Unity Software – The video game engine developer’s stock fell more than 15% in expanded trading after a disappointing sales forecast. According to Refinitiv, Unity expects first quarter revenues of $ 210 million to $ 220 million, which is below the most optimistic estimates of analysts. However, the company posted better-than-expected earnings and revenue than expected in the fourth quarter.
– CNBC’s Rich Mendez contributed to the coverage.