On February 5, 2019, a woman worked at a distribution station in the 855,000-square-meter Amazon fulfillment center in Staten Island, New York.
Johannes EIsele | AFP | Getty Images
Check out the companies that make headlines after the bell:
Facebook – The social media giant's stock rose 6% in expanded trading after the company's earnings for the second quarter were released. Facebook saw double earnings and sales growth, reporting earnings of $ 1.80 per share on sales of $ 18.69 billion. Analysts interviewed by Refinitiv forecast earnings of $ 1.39 per share on sales of $ 17.40 billion. Even during a quarter affected by the coronavirus pandemic, Facebook saw sales grow 11%.
Gilead Sciences – Pharmaceutical stocks fell 2% after the closing bell. Gilead reported second quarter earnings of $ 1.11 per share excluding some items with sales of $ 5.14 billion. This fell short of estimates by analysts interviewed by Refinitiv, who forecast earnings of $ 1.45 per share on sales of $ 5.31 billion.
Apple – Technology giant stocks rose 5% in after-hours trading, after Apple reported higher-than-expected earnings and sales in the third quarter. Apple reported earnings of $ 2.58 per share on sales of $ 59.69 billion, compared to $ 2.04 per share on sales of $ 52.25 billion that analysts surveyed by Refinitiv had expected. Apple also said the company's board of directors had approved a 4: 1 stock split.
Alphabet – Google parent company shares increased 1% in expanded trading after the company released its second quarter financial results. Alphabet reported second quarter earnings of $ 10.13 per share on sales of $ 38.30 billion, ahead of analysts' forecasts of $ 8.21 per share on sales of $ 37.37 billion. While Alphabet exceeded expectations for earnings and sales, this quarter was the first time in company history that sales declined.
Amazon – E-commerce giant's stock rose 4% after the market closed after the release of its second-quarter financial results. Amazon reported earnings of $ 10.30 per share in the second quarter, which, according to Refinitiv, was analyst estimates of $ 1.46 per share. Amazon had sales of $ 88.91 billion, while analysts interviewed by Refinitiv expected $ 81.56 billion. CEO Jeff Bezos said Amazon will spend at least $ 2 billion on personal protective equipment and corona virus related costs and wage increases in the third quarter.
Ford – The automaker's shares rose 1% in expanded trading after doing better than expected in the company's financial results in the second quarter. Ford reported a loss of 35 cents per share, excluding some items, on $ 16.62 billion in sales in the second quarter, while Refinitiv analysts reported a loss of $ 1.17 per share on 15, $ 95 billion expected. The company reported an adjusted pre-tax loss of $ 1.9 billion, which was more than $ 3 billion better than forecast.
Shake Shack – Fast food chain stock fell 4% in expanded trading after the company released its second-quarter financial results. Shake Shack reported a loss of 45 cents per share in the second quarter, excluding some items, on sales of $ 92 million. The analysts' estimates for a loss of 37 cents per share on sales of $ 93 million were missing. The company said shack sales decreased 39.5%.