Pinterest, Snap, Peloton, Ford & more
Pedestrians walk past Pinterest signage displayed outside of 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 through 2025. Ford also reported better-than-expected fourth-quarter earnings. According to Refinitiv, adjusted earnings per share were 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 posted quarterly revenue growth of 128% for 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 revenue of $ 210 million to $ 220 million, which is below the most optimistic estimates of analysts. However, the company posted better-than-expected earnings and sales than expected in the fourth quarter.
– CNBC’s Rich Mendez contributed to the coverage.