CrowdStrike, Kodak, Coupa Software & more
CrowdStrike IPO on the Nasdaq Stock Exchange on June 12, 2019.
Check out the companies that hit the headlines on Tuesday after the bell:
Coupa Software – The software company’s shares rose 6% after Coupa posted surprising results in the fourth quarter. Coupa reported earnings per share of 17 cents on sales of $ 163.5 million. Analysts polled by Refinitiv expected losses per share of 11 cents on sales of 145.7 million US dollars.
CrowdStrike – CrowdStrike stock rose 6% after the software company posted better-than-expected results in the fourth quarter. CrowdStrike reported earnings per share of 13 cents on sales of $ 264.9 million. Analysts polled by Refinitiv forecast earnings per share of 8 cents on sales of $ 250.4 million.
Lennar – The builder’s shares rose 1% after Lennar released results for the first quarter of the fiscal year. The company had sales of $ 5.33 billion. Analysts surveyed by Refinitiv expect sales of $ 5.13 billion. Lennar also reported adjusted earnings of $ 2.04 per share, but it was unclear whether it was comparable to a forecast of $ 1.71 per share.
Eastman Kodak – Kodak shares were down 6% after reporting results for 2020. The photography company had sales of $ 1.24 billion and a net loss of $ 541 million for the year. Last year, Kodak had sales of $ 1.24 billion and profits of $ 116 million.
Plug Power – The hydrogen fuel cell system developer’s shares declined 9% after the company announced it would adjust its 2018 and 2019 financial year along with its 2019 and 2020 quarterly filings due to billing errors.