Stocks that have made the biggest gains after hours, take a look at the companies making news:
Snap Stocks
Following the company’s first-quarter earnings announcement, shares of the social media platform soared more than 6% in wild after-hours trade. Snap’s profit and sales fell short of Wall Street projections, and the company forecasted poor revenue growth in the current quarter. Daily users, on the other hand, increased by 18 percent per year, which was higher than planned.
Gap Stocks
The retailer’s stock dropped 10% after it was reported that Nancy Green, the CEO of its Old Navy division, would be departing the company this week. Gap also lowered its forecast for net sales growth in fiscal 2022 due to execution issues in its Old Navy segment.
FirstEnergy Stocks
The energy company’s stock fell more than 1% in extended trade after the business revealed lower-than-expected first-quarter results. FirstEnergy’s adjusted operating earnings per share came in at 60 cents, missing Refinitiv’s forecast of 62 cents. Its revenue, on the other hand, exceeded projections.
PPG Industries Stocks
After-hours trading saw the materials company’s stock jump roughly 1% following better-than-expected quarterly results. PPG reported $1.37 per share earnings, topping Refinitiv’s $1.11 per share projection. The corporation recorded revenue of $4.3 billion, which was also higher than expected.
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