Pedestrians with protective masks walk past a Microsoft Technology Center in New York on Wednesday, July 22, 2020.
Jeenah Moon | Bloomberg via Getty Images
Check out the companies that make headlines after the bell:
Microsoft – Microsoft's shares fell 2% in hours after the company's fourth quarter earnings surpassed estimates. The technology company reported earnings of $ 1.46 per share on sales of $ 38.03 billion. Refinitiv said analysts had expected earnings per share of $ 1.34 on sales of $ 36.5 billion. Despite the coronavirus crisis, sales increased by 13%. Slack accused the technology company of anti-competitive practices in an EU complaint today.
Las Vegas Sands – Resort developer's stock fell 1% in expanded trading after the company released its second quarter financial results. The company missed the estimates and reported a loss of $ 1.05 per share excluding some items on sales of $ 98 million. Refinitive analysts had expected a loss per share of 74 cents on sales of $ 564 million. The company announced plans to continue its investment programs in both Macau and Singapore.
Tesla – The automaker's stock rose 5% after the market closed. Tesla released second-quarter earnings of $ 2.18 per share excluding some items with sales of $ 6.04 billion, while Refinitiv analysts posted earnings per share of 3 cents with sales of $ 5.37 billion had expected. Tesla also reported its first full year of GAAP profitability, so the company can now be considered a member of the S&P 500 index. The shares of the electric vehicle manufacturer NIO also increased by 3% in expanded trading.
Whirlpool – Whirlpool's shares rose 3% after the closing bell. The company outperformed refinitive analyst estimates and posted second quarter earnings of $ 2.15 per share excluding some revenue items of $ 4.04 billion, compared to earnings per share estimates of $ 1 on 3 sales, $ 57 billion.
Chipotle Mexican Grill – Chipotle shares fell 1% in expanded trading after the company made a profit in the second quarter. Chipotle exceeded the expectations of refinitive analysts and posted a profit of 40 cents per share in the second quarter, excluding some items with sales of $ 1.36 billion. Analysts had expected earnings per share of 35 cents on sales of $ 1.34 billion. The company's reported quarterly adjusted earnings were down 90% year-over-year as Coronavirus closed restaurant dining rooms. In the meantime, Chipotle's digital sales more than tripled in the second quarter.