A Tesla Model S will be exhibited during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England.
John Keeble | Getty Images
Check out the companies that make headlines after the bell:
Netflix – Streaming service stocks fell 10% in expanded trading after the second quarter financial results were released. Netflix had second quarter earnings of $ 1.59 per share on sales of $ 6.15 billion. Analysts interviewed by Refinitiv expected earnings of $ 1.81 per share on sales of $ 6.08 billion. Netflix also announced that Chief Content Officer Ted Sarandos will become co-CEO with current CEO Reed Hastings.
Tesla – Tesla's stock fell nearly 2% in extended trading after falling around 3% during the day. Tesla's vehicle registrations in California almost halved in the second quarter, as the corona virus affected production and car sales, according to a report released on Thursday.
J.B. Hunt – The carrier's shares rose 3% after the last bell. J.B. Hunt posted earnings of $ 1.14 per share for the second quarter on sales of $ 2.15 billion, exceeding analysts' expectations. Analysts interviewed by Refinitiv expected earnings of 80 cents per share on sales of $ 2.02 billion.
PPG Industries – PPG Industries' stock rose 4% after the release of its second quarter financial results in expanded trading. PPG reported an adjusted profit of 99 cents per share on sales of $ 3.02 billion in the second quarter. The profit exceeded the expectations of the analysts interviewed by FactSet, who expected a profit of 70 cents per share on sales of $ 2.81 billion. PPG found that one of the strengths of the quarter was the global architectural coatings business, driven by do-it-yourself demand during the Corona virus.
Norwegian Cruise Lines, Carnival – Cruise line shares fell after the market closed and the CDC announced it would ban US cruises until September. Norwegian Cruise Lines and Carnival's shares both fell 1% after hours. The CDC's original order expired on July 24, but the agency led "persistent" coronavirus outbreaks on ships for its ongoing ban.
CBL & Associates – Mall owner's stock fell 2% after the market closed. The move took place after CBL amended its forex agreement for bonds due in 2023 and 2026 after the company missed interest payments on the June maturing notes and failed to pay within the 30-day grace period, according to a SEC filing.