Stocks making the biggest moves after hours: Palo Alto Networks, Virgin Galactic & more
Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.
David Paul Morris | Bloomberg | Getty Images
Check out the companies making headlines in after-hours trading:
Palo Alto Networks — Shares of the cybersecurity company gained 6% during extended trading Tuesday following Palo Alto’s second-quarter earnings report. The company earned $1.74 per share excluding items on $1.32 billion in revenue. Analysts surveyed by Refinitiv were expecting $1.65 per share on $1.28 billion in revenue.
Range Resources — Range Resources jumped more than 5% in the wake of the company’s fourth-quarter results. The energy company earned 96 cents per share excluding items, on $1.57 billion in revenue. Analysts surveyed by StreetAccount were expecting the company to earn 97 cents per share.
Virgin Galactic — Shares of the space company gained more than 3% after Virgin Galactic reported a smaller-than-expected loss during the fourth quarter. The company lost 31 cents per share compared to the 35-cent loss analysts surveyed by Refinitiv were expecting. Revenue, however, missed estimates. The company posted sales of $141,000, while Wall Street was expecting $300,000.
Mosaic — Mosaic shares slid more than 6% following the company’s latest earnings report. Mosaic posted earnings of $1.95 per share excluding items on $3.84 billion in revenue. Analysts surveyed by StreetAccount were expecting the company to earn $1.97 per share on $3.9 billion in revenue.
Correction: This story was updated to reflect Virgin Galactic’s correct revenue and its correct estimated revenue.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.