The AMC Theater is depicted against the backdrop of the coronavirus disease pandemic (COVID-19) in the Manhattan neighborhood of New York, New York, USA, January 27, 2021.
Carlo Allegri Reuters
See the companies that appear in the news after hours.
AMC – Shares jumped 4% after the entertainment company reported its “strongest first quarter of two full years” when consumers returned to the cinema. AMC was ahead of revenue by $ 785.7 million, compared to $ 743 million expected by analysts polled by Refinitiv.
Novavax – Shares fell more than 10% after the biotech company announced a gap in profits. Novavax reported adjusted earnings of $ 2.56 per share on revenue of $ 704 million. Analysts polled by Refinitiv expected earnings of $ 2.69 per share on revenue of $ 845 million. However, Novavax reported its first profitable quarter of global vaccine release.
Upstart – Shares fell 39% after the artificial intelligence company reported gains. The $ 310 million startup revenue exceeded expectations. Analysts had expected a quarterly gain of 51 cents a share on earnings of $ 300 million, according to Refinitiv’s consensus estimates.
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