Stock Market

Stocks making the biggest moves after hours: Alphabet, Amazon, GameStop and more

Amazon CEO Jeff Bezos

Alex Wong | Getty Images

Check out the companies making headlines after the bell:

Amazon —Shares of the retailer were up 1% in after-hours trading on the back of quarterly results that beat analyst expectations. Amazon reported earnings per share of $14.09 on revenue of $125.56 billion. Analysts polled by Refinitiv expected a profit of $7.23 per share on revenue of $119.7 billion. The company also announced that CEO Jeff Bezos was stepping down from his post, effective later this year.

Alphabet — Alphabet shares jumped 6% after the tech giant reported better-than-expected results for the previous quarter. The company reported earnings per share of $22.30 on revenue of $56.9 billion. Analysts polled by Refinitiv expected a profit of $15.90 per share on a revenue of $53.13 billion.

GameStop — Shares of the brick-and-mortar video game retailer continued to tumble in after-hours trading on Tuesday following a 60% drop in the regular session. Shares are down more than 70% this week as the short squeeze trade unravels.

Chipotle – Shares of the fast-food Mexican chain dropped 4% in extended trading on Tuesday after the company missed analyst expectations for its quarterly earnings. Chipotle earned $3.48 per share, missing estimates of $3.73 per share, according to Refinitiv. Revenue came in in-line with estimates at $1.61 billion.

Electronic Arts — Electronic Arts fell more than 5% in after hours trading following the release of its earnings report. Earnings came in at 72 cents per share, which wasn’t comparable to estimates. Electronic Arts made $2.4 billion in revenue, slightly more than a Refinitiv forecast of $2.39 billion.

Amgen — Shares of the biotech company ticked 1.5% lower in after hours trading despite the release of top and bottom-line quarterly results that beat analyst estimates. Amgen reported earnings of $3.81 per share on revenue of $6.63 billion. Wall Street expected earnings of $3.39 per share on revenue of $6.58 billion, according to Refinitiv.

— with reporting from CNBC’s Rich Mendez.

Articles You May Like

Summer temperatures — and inflation — are running hot. Here’s how to save money on cooling bills as prices rise
Powell says U.S. economy in strong shape, Fed can avert recession
Investors see little to be gained in stocks the rest of the year, favor dividend payers now, CNBC survey shows
SOL price eyes 75% rally as Solana paints a bullish reversal pattern
Are Oil Stocks Still a Good Buy?