Take a look at the corporations making headlines after hours.
AMC — Shares jumped 4% after the leisure firm reported its “strongest first quarter in two full years” as customers return to film theaters. AMC beat on revenues with $785.7 million, in comparison with the $743 million anticipated by analysts polled by Refinitiv.
Novavax — Shares dropped more than 10% after the biotech firm reported an earnings miss. Novavax reported adjusted earnings of $2.56 per share on income of $704 million. Analysts polled by Refinitiv have been anticipating earnings of $2.69 per share on income of $845 million. Nonetheless, Novavax reported its first worthwhile quarter from a worldwide vaccine rollout.
Upstart — Shares tumbled 39% after the synthetic intelligence firm reported earnings. Upstart income of $310 million topped expectations. Analysts have been anticipating a quarterly revenue of 51 cents per share on revenues of $300 million, in keeping with consensus estimates from Refinitiv.