A customer boards an Avis Budget Group Inc. shuttle bus at Denver International Airport (DEN) in Denver, Colorado, the United States, on Wednesday, October 28, 2015.
Luke Sharret | Bloomberg | Getty Images
Check out the companies making headlines in after-hours trading.
Avis – The car rental company gained 3.5% after beating both top and bottom-line estimates by analysts polled by Refinitiv. Avis reported adjusted earnings per share of $10.46 on sales of $2.77 billion, compared to analyst estimates of $6.79 per share on sales of $2.69 billion . The company cited strong demand and said it has continued into the current quarter.
Amkor Technology — Shares of the semiconductor stock fell 5% after missing earnings per share estimates while beating revenue expectations, according to FactSet. The company also issued guidance for the first quarter, which came in below analysts’ expectations.
Cadence Design – The software company rose 4% after beating both revenue and earnings expectations by analysts polled by FactSet in the fourth quarter. The company also issued guidance for the first quarter, which came in above analysts’ expectations.
Palantir — Shares rose 18% on quarterly results that beat analysts’ expectations for earnings and sales per share, according to Refinitiv. It is also the first quarter in which Palantir reported positive net income of $31 million on a GAAP basis.
Arista Networks — Cloud stock rose less than 1% after reporting earnings and sales that beat consensus estimates from analysts polled by Refinitiv. The company also provided a sales guidance for the current quarter that came in ahead of expectations.
SolarEdge — Shares in the solar stock gained less than 1% after beating analysts polled by FactSet to beat earnings and sales per share estimates. The company also said first-quarter revenue should be between $915 million and $945 million, compared to analyst consensus estimate of $917.2 million.