Many of the seats aboard a United Airlines flight sit empty on May 11, 2020 in flight to Houston, Texas from San Francisco.
Justin Sullivan | Getty Images
Check out the firms making headlines after hours on Wednesday:
United Airlines — Shares of United Airlines fell more than 1% after the firm reported a bigger-than-expected loss for the third quarter. The airline misplaced $8.16 per share whereas analysts had forecast a lack of $7.53 per share, in accordance with Refinitiv. United’s third-quarter income additionally missed analyst expectations. “Even though the negative impact of COVID-19 will persist in the near term, we are now focused on positioning the airline for a strong recovery,” CEO Scott Kirby stated in an announcement.
Alcoa — Alcoa shares dipped 4.2% even after the aluminum firm posted better-than-expected third-quarter outcomes. Alcoa reported a lack of $1.17 per share on income of $2.37 billion. Analysts polled by FactSet anticipated a lack of $1.38 per share on income of $2.26 billion. However, the firm stated it expects “flat sequential quarterly results in the Bauxite segment” for the fourth quarter.
Sleep Number — Sleep Number shares rallied more than 8% in after-hours buying and selling on the again of stronger-than-forecast quarterly outcomes. The bedding maker reported earnings per share of $1.79 on income of $531.2 million. Analysts anticipated a revenue of $1.06 per share on income of $523.5 million. Comparable gross sales rose more than 11%, pushed by sturdy on-line and telephone gross sales development. The firm additionally issued stronger-than-expected steerage for the full 12 months.
Fastly — Fastly plunged 28% after the cloud firm reported disappointing preliminary outcomes. The firm stated it expects third-quarter income to vary between $70 million and $71 million. Fastly had beforehand forecast gross sales ranging between $73.5 million and $75.5 million. “The current global environment has in some ways fueled our business, but has also created areas of uncertainty,” Fastly CEO Joshua Bixby stated in an announcement.