Stocks making the biggest moves after the bell: QuantumScape, Micron & more

Stock Market

In this article

In this photo illustration the QuantumScape logo is seen on a smartphone and a pc screen.
Pavlo Gonchar | SOPA Images | LightRocket | Getty Images

Check out the companies making headlines after the bell on Wednesday:

Micron – Shares of the chipmaker rose 2.3% after the company reported better-than-expected results for its fiscal second quarter. Micron reported earnings per share of 98 cents on revenue of $6.24 billion. Analysts polled by Refinitiv expected a profit of 95 cents per share on revenue of $6.21 billion.

QuantumScape – The lithium-battery producer’s stock popped 8.8% after the company announced it has met the requirements to close a $100 million investment by Volkswagen. The auto company will now test QuantumScape’s solid-state lithium-metal cells in their labs in Germany.

Wingstop – Shares of the restaurant company ticked up by 3.8% after the company released preliminary results for the first quarter. The numbers showed Wingstop’s domestic same-store sales are up 20.7% on a year-over-year basis, with digital sales skyrocketing by 63.6%.

Guess – The clothing retailer’s stock jumped 4.5% after Guess posted a fourth-quarter profit that beat analyst expectations. The company reported earnings per share of $1.18, topping a FactSet estimate of 56 cents per share. Guess’ revenue was slightly below analyst estimates, however.

Articles You May Like

NASA spies Martian rocks that look just like a teddy bear
Should You Follow Buffett & Buy Japan ETFs?
What is a ‘rolling recession’ and how does it affect consumers? Economic experts explain
DeSantiss record on COVID-19: Heres what he said and did
Tesla, Amazon, Meta, Carvana, Silvergate Capital: Why These 5 Stocks Are Drawing Investors ‘Attention Today’