After-hours performance makes some stocks shine

After-hours performance makes some stocks shine

While some are struggling, others are doing just fine. A variety of companies performed great, even if the pandemic started a bear market.

After-hours trading happens after the markets are closed and it’s the moment when a trader can buy and sell securities outside regular trading hours. This type of trading can be done electronically.

Pinterest had an increase of 14% in share after-hours, as it released the preliminary results of its first-quarter earnings scheduled for May. The company predicts revenue between 269 and $272 million for the first quarter. The number of global active users for the first quarter ranges between 365 million and 367 million. Obviously, because of the pandemic, a drop in the worldwide advertising revenue is expected.

Levi Strauss shares increased by 3% in extended trading. The EPS (earning per share) was 40 cents, and revenue $1.51 billion. The analysts’ expectations were lower, with 35 cents EPS, and revenue of $1.47 billion.

American Airlines had a rise of 2% after the closing bell. It is good news for the company as The Department of Transportation gave its approval for reducing the service to minimum flights due to the Corona pandemic.

Carnival shares rose more than 1% after the bell. This came as the aftermath of Tuesday's 20% gain after the sovereign of the Saudi wealth fund revealed an 8.2% stake in the company.


Sources: cnbc.com, thestreet.com, investopedia.com

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Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation. Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.