Past Meat, HD Provide, Simon Property Group & extra
Packages of Impossible Burger and Beyond Meat are on sale in New York City on November 15, 2019.
Angela Weiss | AFP | Getty Images
Check out the companies that are making headlines after the bell:
Beyond Meat – Beyond Meat’s shares fell more than 25% in expanded trading after the alternative meat producer posted a large drop in sales as the pandemic weakened restaurant demand for its meat alternatives. The company said its revenue of $ 94.4 million was well below a FactSet estimate of $ 132 million.
Simon Property Group – The mall owner’s shares rose more than 7% after close of trading on Monday after reporting disappointing gains. The Simon Property Group achieved a profit of 48 cents per share compared to an estimated 90 cents per share, according to Refinitiv. The company made $ 994 million, missing estimates of $ 1.08 billion. The stock rose 27.9% in regular trading on Monday.
HD Offering – Shares in the HD Offering rose more than 20% in expanded retail after Bloomberg News reported that Lowes was talking about acquiring the industrial distributor.
Novavax – The drugmaker’s shares fell more than 6% in after-hours trading after missing their quarterly and final results of their quarterly results. Novavax reported a loss of $ 3.21, compared to expected earnings of $ 1.73 per share, according to Refinitiv. Revenues of $ 157.0 million were below the forecast of $ 230.6 million.
Occidental Petroleum – Occidental Petroleum’s shares fell roughly 5% after the energy company reported a better-than-expected quarterly loss. The company posted a loss of 84 cents for the third quarter versus an estimated loss of 72 cents. However, sales were above expectations.
– CNBC’s Maggie Fitzgerald contributed to the coverage.