In extended trading, several companies made headlines for their performance in the first quarter of the year. CSX, a rail transport and real estate stock, saw its shares increase by about 1% after beating Wall Street estimates on both the top and bottom lines. The company reported earnings of 46 cents per share on revenue of $3.68 billion, surpassing analysts’ expectations of 45 cents per share and $3.67 billion in revenue. CSX also reaffirmed its full-year guidance for revenue growth and volume in 2024.
Las Vegas Sands, a casino operator, experienced a slight dip in its shares by 2% after narrowly beating revenue expectations for the first quarter. The company posted adjusted earnings of 75 cents per share on revenue of $2.96 billion, slightly higher than analysts’ anticipated earnings of 62 cents per share and $2.94 billion in revenue. Despite the positive performance, the stock saw a modest decline in after-hours trading.
Alcoa, an aluminum producer, saw a 2.7% increase in its shares after reporting first-quarter revenue that surpassed analysts’ forecasts. The company generated $2.6 billion in revenue, exceeding analysts’ expectations of $2.56 billion. However, Alcoa reported a wider loss than anticipated, with a loss of 81 cents per share compared to analysts’ estimates of a loss of 55 cents per share. Despite the mixed results, the stock saw a positive response in extended trading.
Equifax, a consumer credit reporting firm, experienced a 7% decline in its shares after its second-quarter guidance fell short of Wall Street estimates. The company expects earnings per share of $1.65 to $1.75 in the second quarter, below analysts’ expectations of $1.87 per share. Additionally, Equifax’s revenue guidance for the second quarter also came in below expectations, resulting in a negative reaction from investors in after-hours trading.
Overall, the companies making headlines in extended trading showed a mix of positive and negative results in the first quarter of the year. While CSX and Alcoa exceeded revenue expectations, Equifax fell short in its guidance for the second quarter. Las Vegas Sands narrowly beat revenue expectations but saw a slight decline in its shares. Investors will be closely monitoring these companies’ performance in the coming quarters to assess their long-term prospects.
