May 18, 2022

OsoyoosToday

Complete Canadian News World

Tesla, United, Carvana and more

Tesla, United, Carvana and more

An aerial view shows the Tesla Fremont plant in Fremont, California on February 10, 2022.

Josh Adelson | AFP | Getty Images

Check out the companies making headlines after the bell:

Tesla Shares of the electric car maker rose 4% in extended trading after a Better than expected earnings report. Tesla reported earnings of $3.22 per share on revenue of $18.76 billion. Analysts expected earnings of $2.26 per share on revenue of $17.8 billion, according to Refinitiv.

United Airlines – The airline’s stock rose 5.6% after hours, although first-quarter results came in below estimates. United reported a first-quarter adjusted loss of $4.24 per share on revenue of $7.57 billion. Analysts polled by Refinitiv expected a loss per share of $4.22 on revenue of $7.68 billion. However, United issued the strongest second-quarter guidance in history and said Expect to be profitable in 2022.

CSX Shares of the rail transport company added 2.2% in extended trading after exceeding quarterly revenue. CSX posted revenue of $3.41 billion versus an expected $3.3 billion, according to Refinitiv.

Carvana – Shares fell about 24% after hours of a larger-than-expected loss for the stock. Carvana reported a loss of $2.89 per share versus Refinitiv’s estimate of $1.44 per share.

L Research Semiconductor stock fell 1.8% in extended trading after a weak quarterly report. Lam Research reported third-quarter adjusted earnings of $7.40 per share on revenue of $4.06 billion. Analysts expected earnings of $7.51 per share on revenue of $4.25 billion, according to Refinitiv.