A customer refuels at a price over $4 a gallon at a Chevron gas station in Seattle, Washington, USA, Monday, March 7, 2022.
David Ryder | Bloomberg | Bloomberg | Getty Images
Check out the companies making headlines after the bell.
Tesla — The stock rose 0.4% in volatile trading after the electric car maker reported fourth-quarter profits and earnings that beat analyst expectations. But Tesla’s gross profit margin hit its lowest level in five quarters.
chevron — Shares rose 2.7% after the oil company announced a $75 billion share buyback program.
Service Now — Software stocks fell 4% after ServiceNow released its latest quarterly numbers. ServiceNow’s earnings per share were $2.28, beating Refinitiv’s forecast of $2.02 per share. Earnings, meanwhile, matched consensus expectations of $1.94 billion.
Levi Strauss — Denim companies surged 7% after better-than-expected fourth-quarter profit and earnings. The company also shared guidance for the full year showing his earnings per share between $1.30 and his $1.40, compared to his $1.35 estimate on StreetAccount.
Las Vegas Sands — The casino operator’s stock rose more than 4% after Las Vegas Sands released its latest quarterly results. The company lost his 19 cents per share on his $1.12 billion earnings. Analysts had expected a loss of 9 cents per share on earnings of $1.18 billion. But the company’s Adjusted Real Estate EBITDA was $329 million, beating StreetAccount’s forecast of $319 million.
International office equipment — IBM beat quarterly earnings and earnings expectations, but its stock fell more than 2%. The firm’s management said it expects constant currency earnings in 2023 to be in line with his model in the mid-single digits. IBM also said it would cut about 4,000 jobs, or about 1.5% of its workforce.
CSXMore — CSX reported earnings and earnings numbers slightly above analyst expectations, but the stock fell 0.2%. The rail freight company earned him 49 cents a share on $3.73 billion in revenue. An analyst surveyed by Refinitiv said he expected earnings of 46 cents per share on earnings of $3.72 billion.
