A worker assembles the Lucid Air prototype electric vehicle manufactured by Lucid Motors Inc. at the company’s headquarters in Newark, Calif., Monday, Aug. 3, 2020.
David Paul Morris | Bloomberg | Getty Images
Check out the companies making headlines in advanced trading.
Lucid Group — Shares of the electric car maker fell about 12% after hours. Lucid cut its full-year production targets for 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 jumped 7% after strong quarterly results. Profits and revenue beat estimates for the fiscal first quarter, according to Refinitiv.
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 beat estimates by $1.51, but revenue came in at $4.29 billion, missing expectations of $4.32 billion, according to Refinitiv.
Ebay — Shares of the e-commerce giant rose as much as 3% after the company posted top and bottom results for its latest quarter. Gross merchandise volume totaled $18.55 billion, slightly more than StreetAccount’s estimate.
MGM Resorts — Shares of the casino rose nearly 2% after the company reported quarterly revenue of $3.26 billion, topping estimates of $3.04 billion. It also set a Las Vegas Strip adjusted EBITDA record of $125 million.
Clorox — Shares of Clorox fell 6% after the cleaning products maker said it expects fiscal 2023 revenue to range from a 4% decline to a 2% rise from fiscal 2022. Analysts had forecast a 2% gain, according to Refinitiv. It also sees adjusted earnings per share between $3.85 and $4.22, compared with estimates of $5.26 per share.
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