The AMC Theater is depicted against the backdrop of the coronavirus disease pandemic (COVID-19) in the Manhattan area of New York City, New York, USA, January 27, 2021.
Carl Allegri Reuters
Check the companies that write in the headlines during non-business hours.
AMC – Shares jumped 4% after the entertainment company announced its “strongest first quarter in two full years” when consumers return to the cinema. AMC topped revenue with $ 785.7 million compared to the $ 743 million expected by analysts surveyed by Refinitiv.
Novavax – Shares fell more than 10% after the biotech company reported shortcomings. Novavax reported adjusted earnings of $ 2.56 per share with revenue of $ 704 million. Analysts polled by Refinitiv expected earnings of $ 2.69 per share on revenue of $ 845 million. However, Novavax reported its first lucrative quarter with the global vaccine deployment.
Rise – Stocks fell 39% after an artificial intelligence company reported earnings. The upstart’s revenue of $ 310 million exceeded expectations. According to Refinitiv consensus estimates, analysts expected quarterly earnings of 51 cents per share on revenue of $ 300 million.