A worker assembles the Lucid Air prototype electric vehicle, manufactured by Lucid Motors Inc., at the company’s headquarters in Newark, California, on Monday, August 3, 2020.
David Paul Morris | Bloomberg | Getty Images
Check out the companies making headlines in comprehensive trading.
Lucid Group – Shares of the EV maker fell about 12% after hours. Lucid lowered its full-year production targets to 6,000 a second time. The original prediction was 20,000. The company also reported a quarterly loss of 33 cents per share.
Qorvo — Shares of the semiconductor company rose 7% after strong quarterly results. According to Refinitiv, revenue and earnings exceed estimates for the fiscal first quarter.
Booking positions — Shares of the travel booking site fell more than 3% after the company reported mixed quarterly results. Adjusted earnings of $19.08 per share beat estimates by $1.51, but revenue came in at $4.29 billion, which Refinitiv said exceeded expectations of $4.32 billion.
Ebay – Shares of the e-commerce giant rose a whopping 3% after the company posted top and bottom-line beats for the most recent quarter. Gross trading volume came in at $18.55 billion, which was slightly higher than StreetAccount’s estimate.
MGM Resorts — Casino shares were up nearly 2% after the company reported quarterly revenue of $3.26 billion, ahead of estimates of $3.04 billion. It also set a record Las Vegas Strip adjusted EBITDA of $125 million.
Clorox – Clorox shares fell 6% after the cleaning products maker said it expects revenue for fiscal 2023 to be in a range of 4% to 2% from fiscal 2022. Analysts predicted a 2% gain , according to Refinitiv. It also sees adjusted earnings per share between $3.85 and $4.22, compared to estimates of $5.26 per share.