GameStop, Visa, Skyworks Options and extra
Visa and Mastercard credit cards.
Check out the companies that are making headlines after the bell:
Visa – The payment giant’s stocks rose 1% in expanded trading Thursday after hitting the income statement for its quarterly results. Visa reported earnings per share of $ 1.42 on revenue of $ 5.69 billion. Wall Street expects earnings of $ 1.28 per share on sales of $ 5.53 billion, according to Refinitiv. The company also announced a $ 8 billion share buyback program.
GameStop – The video game retailer’s shares rose more than 35% after close of business after Robinhood advised clients that restricted trading in certain restricted securities would resume Friday. The stock trading app rolled out restrictions on stocks in speculative names like GameStop and AMC Entertainment on Thursday as the heavily truncated names went insane in retail.
Mondelez – Mondelez saw its shares rise 0.3% in the expanded session after reporting fourth quarter earnings and sales that exceeded analysts’ consensus expectations. The owner of the Ritz and Oreo brands announced on Thursday afternoon that the share buyback program was resumed in November. This is a sign that the snack giant is more optimistic about its business despite the ongoing pandemic.
Western Digital – The data storage company’s shares rose more than 5% in expanded trading after Western Digital beat top and bottom line results in the second quarter. The company earned 69 cents per un-itemed share, which was above what analysts had expected 54 cents. Revenue was $ 3.94 billion while the Street was looking for $ 3.88 billion.
Skyworks Solutions – Skyworks’ shares rose 11% in expanded trading after reporting better than expected results. The company posted earnings of $ 3.36 per share, beating estimates of $ 2.08 per share, according to Refinitiv. Skyworks achieved sales of $ 1.51 billion, up over the forecast of $ 1.06 billion. The company also announced a $ 2 billion share buyback program.
– with reports from Pippa Stevens and Thomas Franck of CNBC.