Avis Budget Group Inc. at Denver International Airport (DEN) on Wednesday, October 28, 2015 in Denver, Colorado, US. A customer boarding the shuttle bus.
Luke Sharrett | Bloomberg | Getty Images
Check out the companies making headlines in after-hours trading.
Avis — The car rental company gained 3.5% after beating both the top and bottom estimates of analysts polled by Refinitiv. Avis reported adjusted earnings per share of $10.46 on revenue of $2.77 billion, compared with analysts’ estimates of $6.79 per share on revenue of $2.69 billion. Citing strong demand, the company said it continued in the current quarter as well.
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Amcor Technology — Shares of the semiconductor stock declined 5% after missing estimates for earnings per share that beat expectations for revenue, according to FactSet. The company also provided first-quarter guidance that came in below analysts’ expectations.
Cadence Design — The software company posted a 4% gain in the fourth quarter after beating both the top and bottom expectations of analysts polled by FactSet. The company also provided first-quarter guidance that was above analysts’ estimates.
Palantir Shares jumped 18% on the back of — quarterly results It came in ahead of analysts’ expectations for earnings and revenue per share, according to Refinitiv. This is also the first quarter that Palantir posted positive net income on a GAAP basis, which was $31 million.
Arista Networks Cloud stock advanced less than 1% after reporting earnings and revenue that came in ahead of the consensus estimate set by analysts polled by Refinitiv. The company also gave current-quarter revenue guidance that exceeded expectations.
solaredge Shares of solar stock rose less than 1% after it beat analysts’ earnings and per-share estimates, polled by FactSet. The company also said that first-quarter revenue should fall between $915 million and $945 million, compared to analyst consensus estimates of $917.2 million.