Stocks making the biggest moves after hours: Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

Check out the companies making headlines after the bell.

Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported earnings and revenue for the fourth quarter that beat analyst expectations. However, Tesla’s gross margins came in at the lowest levels in the past five quarters.

related investing news

Chevron — Shares advanced 2.7% after the oil company announced a $75 billion stock repurchasing program.

ServiceNow — The software stock tumbled 4% after ServiceNow released its latest quarterly figures. ServiceNow posted earnings per share of $2.28, beating a Refinitiv forecast of $2.02 per share. Revenue, meanwhile, matched a consensus estimate of $1.94 billion.

Levi Strauss — The denim company jumped 7% after its earnings and revenue for the fourth quarter came in above expectations. The company also shared full-year guidance showing per-share earnings between $1.30 and $1.40 compared with StreetAccount’s $1.35 estimate.

Las Vegas Sands — Shares of the casino operator gained more than 4% after Las Vegas Sands released its latest quarterly results. The company lost 19 cents per share on revenue of $1.12 billion. Analysts expected a loss of 9 cents per share on revenue of $1.18 billion. However, the company’s adjusted property EBITDA of $329 million beat a StreetAccount forecast of $319 million.

International Business Machines — IBM beat quarterly earnings and revenue forecasts, but the stock fell more than 2%. Company management said it expects constant currency revenue for 2023 to be consistent with its mid-single digit model. IBM also said it would cut nearly 4,000 jobs, or roughly 1.5% of its workforce.

CSX — CSX reported earnings and revenue figures that just beat analyst expectations, but the stock slipped 0.2%. The rail-freight company earned 49 cents per share on revenue of $3.73 billion. Analysts polled by Refinitiv expected earnings of 46 cents per share on revenue of $3.72 billion.