An AMC theater is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., 27 January 2021.
Carlos Allegri | Reuters
Take a look at the companies that make headlines after hours.
AMC — Shares rose 4% after the entertainment company reported its “strongest first quarter in two full years” as consumers return to theaters. AMC topped revenue with $785.7 million, compared with $743 million expected by analysts surveyed by Refinitiv.
Novavax — Shares fell more than 10% after the biotech company reported no profit. Novavax reported adjusted earnings of $2.56 per share on revenue of $704 million. Analysts polled by Refinitiv had expected earnings of $2.69 per share on revenue of $845 million. Still, Novavax reported its first profitable quarter from a global vaccine launch.
Upstart — Shares fell 39% after the artificial intelligence company reported earnings. Initial revenue of $310 million exceeded expectations. Analysts had expected a quarterly profit of 51 cents a share on revenue of $300 million, according to Refinitiv consensus estimates.