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Zoom Video, Eastman Kodak, Tesla and others



Zoom founder Eric Yuan poses in front of the Nasdaq building while the screen shows the logo of the video conferencing software company Zoom after the opening ceremony of the bell on April 18, 2019 in New York.

I received Betancur | Getty images

See the companies that make headlines after the bell:

Zoom Video ̵

1; Shares of Zoom Video jumped more than 9% after the next quarter. The video conferencing company said its revenue more than quadrupled in the second fiscal quarter from a year ago. Its earnings reached 92 cents a share, easily exceeding analysts’ expectations of 45 cents a share, according to Refinitiv. Shares have jumped more than 370% this year.

Eastman Kodak – Shares of Eastman Kodak jumped above 13% after hedge fund DE Shaw revealed a 5.2% stake in the company in a 13-G statement. Shares have been highly volatile in recent weeks after the Trump administration announced plans to lend the former pioneer of photography a $ 765 million drug. The loan was later withheld as regulators launched an investigation into how Kodak uncovered the government deal.

Rackspace Technology – Shares of Rackspace Technology fell more than 7% after the cloud computing company reported a three-month loss. Rackspace said it lost 20 cents a share in the second quarter, against an estimate of 15 cents earnings per share, according to FactSet. His income was in line with expectations.

Tesla – Tesla shares rose 3% in expanded trading, building on momentum after the 5-for-1 share split, which took effect on Monday. During Monday’s session, trading was heavier than normal, as Tesla shares traded 115.6 million times, well above its average 30-day volume of 73.3 million. Shares rose 12.5% ​​on Monday, bringing earnings for 2020 to over 495%.


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