Stocks making the biggest moves after hours: AMC, Novavax and more
The AMC Theater amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, USA on January 27, 2021.
Carlo Allegri | Reuters
Check out companies that make headlines after business hours.
AMC – Shares jumped 4% after the entertainment company reported “the strongest first quarter in two full years” as consumers return to theaters. AMC beat revenue with $785.7 million compared to the $743 million expected by analysts polled by Refinitiv.
Novavax – Shares fell more than 10% after the biotech company reported lower 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 since the global rollout of the vaccine.
Upstart – Shares fell 39% after the artificial intelligence company reported earnings. Upstart’s $310 million in revenue has surpassed all expectations. Analysts had expected quarterly earnings of 51 cents per share on revenue of $300 million, according to the Refinitiv consensus.
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