A worker assembles the Lucid Air prototype electric vehicle, manufactured by Lucid Motors Inc., at the company’s headquarters in Newark, California, on Monday, August 3, 2020.
David Paul Morris | Bloomberg | beautiful pictures
Check out the companies that make headlines in extended trading.
Lucid’s group – Shares of the electric vehicle maker fell about 12% after a few hours. Lucid cut production target for the whole year the second time to 6,000. The original forecast was 20,000. The company also reported a quarterly loss of 33 cents per share.
Qorvo – Shares of the semiconductor company rose 7% after strong quarterly results. According to Refinitiv, earnings and revenue beat estimates for the first fiscal quarter.
Booking Holdings – Shares of the travel booking site fell more than 3% after the company reported mixed quarterly results. Adjusted earnings of $19.08 per share topped estimates of $1.51, but its revenue came in at $4.29 billion, above expectations of $4.32 billion, according to Refinitiv. .
Ebay – Shares of the e-commerce giant jumped as much as 3% after the company posted end-to-end beats for its most recent quarter. Total merchandise volume came in at $18.55 billion, slightly higher than StreetAccount estimates.
MGM . Resort Casino stock rose nearly 2% after the company reported quarterly revenue of $3.26 billion, higher than estimates of $3.04 billion. It also set a Las Vegas Strip adjusted asset EBITDA record of $125 million.
Clorox – Clorox shares fell 6% after the cleaning products maker said it expects fiscal 2023 revenue to fall between 4% and 2% from fiscal 2022. analyst predicts a 2% increase, according to Refinitiv. It also shows adjusted earnings per share of $3.85 to $4.22, compared with an estimate of $5.26 per share.
