Jen-Hsun Huang, President and Chief Executive Officer of Nvidia Corp., speaks during an event at the Consumer Electronics Show (CES) 2018 in Las Vegas, Nevada, USA, on Sunday, January 7, 2018.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that are making headlines after the bell:
Nvidia – Chipmaker Nvidia posted record sales in the last quarter as an increase in online gaming and work-from-home computing fueled demand for the company's semiconductors. The Santa Clara, Calif., Company announced that adjusted earnings per share for the quarter ended July 31st rose to $ 2.18 per share, compared to $ 1.97 per share that was expected. Revenue increased 50% year over year to $ 3.87 billion. Despite the financial numbers, stocks fell 1%.
Intel – Intel shares rose nearly 3.5% after the close of trading after news it had launched an accelerated share purchase program to repurchase $ 10 billion of its common stock. The chipmaker suspended its share buyback in March but now said it "believes its common stock is trading well below internal valuation at the time of this announcement".
CBL & Associates Properties – CBL & Associates, one of the largest shopping center owners in the United States, was down more than 13% in after-hours trading. According to reports, a bankruptcy petition will be filed. The company announced Wednesday that it has entered into a debt-for-equity swap agreement with debtors that aims to eliminate debt of $ 900 million and other obligations of at least $ 600 million.
Goodyear Tire & Rubber – Goodyear shares rose more than 1% in after-hour trading despite renewed attacks by President Donald Trump against the company during a press conference at the White House. Earlier in the day, the president tweeted to followers, "Don't buy GOODYEAR TIRES." The turmoil at the White House after a Goodyear employee posted a photo showing a slide during an on-the-job training session that "Black Lives Matter" and LBGT Pride apparel were "acceptable" during "Blue Lives Matter." "and" MAGA Attire "were" unacceptable ".