After-hours trading often brings significant movements in stock prices. Here are some notable developments involving DocuSign, General Motors, Vail Resorts, and other companies:
DocuSign: DocuSign experienced a 5.6% jump in extended trading following the announcement of its better-than-expected first-quarter results.
The company surpassed analysts’ estimates for both revenue and adjusted earnings, reporting earnings of 72 cents per share and revenue of $661 million.
General Motors: General Motors shares advanced by 3% after CEO Mary Barra revealed that the company would be partnering with Tesla and Ford Motor to utilize Tesla’s charging network for electric vehicles in North America.
This news had a positive impact on both General Motors and Tesla’s stock prices.
Vail Resorts witnessed a 3.9% decline in its stock as it failed to meet third-quarter earnings expectations.
While Vail Resorts reported earnings of $8.18 per share, analysts had anticipated $8.84 per share. The company also reported revenue of $1.24 billion, lower than the estimated $1.27 billion.
These are just a few examples of the notable moves in stock prices after hours. It’s important to keep in mind that stock prices can be subject to change and fluctuation based on various factors and market conditions.
Following better-than-expected first-quarter results, electronic agreements firm DocuSign witnessed a 5.6% surge in extended trading.
The company outperformed analysts’ projections on both revenue and adjusted earnings, reporting earnings of 72 cents per share compared to the consensus estimate of 56 cents.
DocuSign’s revenue of $661 million also surpassed expectations of $642 million, according to Refinitiv.
Vail Resorts experienced a 3.9% decline in shares as it fell short of third-quarter earnings expectations.
The company reported earnings of $8.18 per share, whereas analysts surveyed by Refinitiv had anticipated $8.84 per share.
Additionally, Vail Resorts’ revenue of $1.24 billion was lower than the estimated $1.27 billion.
General Motors saw a 3% increase in its stock price after CEO Mary Barra and Tesla CEO Elon Musk announced that the automaker would be partnering with Tesla, joining Ford Motor, to utilize Tesla’s charging network in North America.
This news also led to a 3% rise in Tesla’s shares during extended trading.
Following the release of its fiscal third-quarter earnings, shares of Comtech Telecommunications dropped by 2.8%. The satellite communications firm reported a wider GAAP loss of 33 cents per share compared to a loss of 6 cents per share in the same period last year.
On a positive note, Vail Resorts slightly surpassed revenue expectations by reporting $136.3 million, slightly exceeding the consensus estimate of $136 million, as reported by FactSet.
Source : cnbc.com