An AMC theater is pictured in the midst of the coronavirus (COVID-19) pandemic in the Manhattan neighborhood of New York City, New York, USA, January 27, 2021.
Carlo Allegri | Reuters
Check out the companies making headlines after hours.
AMC – Shares were up 4% after the entertainment company reported its “strongest first quarter in two full years” when consumers return to theaters. AMC beat revenues with $ 785.7 million, compared to the $ 743 million forecast by analysts interviewed by Refinitiv.
Novavax – Shares fell more than 10% after the biotech company reported a loss of earnings. Novavax posted adjusted earnings of $ 2.56 per share on revenue of $ 704 million. Analysts interviewed by Refinitiv had expected earnings of $ 2.69 per share on revenue of $ 845 million. However, Novavax is reporting its profitable first quarter since the introduction of a global vaccine.
Start – Stocks plunged 39% after the artificial intelligence company reported earnings. Initial revenue of $ 310 million exceeded expectations. Analysts had expected a quarterly profit of 51 cents per share on revenue of $ 300 million, according to Refinitiv’s consensus estimates.