With U.S. stock futures edging lower Friday morning, several companies grabbed the spotlight in after-hours trading Thursday. Here's what you need to know before the opening bell.
Greenbrier Companies Inc. (GBX) delivered impressive first-quarter results that sailed past analyst expectations. The railcar manufacturer posted earnings of $1.14 per share, crushing estimates of 87 cents per share. Revenue came in at $706.1 million, well ahead of the $626.3 million analysts were expecting, according to market data. Despite the strong performance, Greenbrier shares slipped 0.8% to $52.90 in after-hours trading.
WD-40 Co (WDFC) had a rougher evening, reporting first-quarter results that missed expectations. The household products company saw its shares tumble 9.1% to $185.00 in after-hours trading as investors reacted to the disappointing numbers.
The biggest news came from General Motors Co (GM), which announced it will book approximately $7.1 billion in charges during the fourth quarter. The massive hit stems from electric vehicle impairments alongside China restructuring expenses and legal costs. The automotive giant's shares fell 1.5% to $83.89 in after-hours trading as investors digested the significant write-down.
On the brighter side, Kalvista Pharmaceuticals Inc (KALV) provided preliminary fourth-quarter revenue guidance that energized investors. The biotech company expects global net product revenue for EKTERLY to land between $35 million and $49 million for the quarter. Kalvista shares jumped 14% to $18.04 in after-hours trading on the upbeat preliminary figures.
Aehr Test Systems (AEHR) delivered mixed second-quarter results that left investors underwhelmed. The company reported a quarterly loss of four cents per share, matching consensus estimates. However, revenue of $9.88 million came up short of the $11.59 million analysts were anticipating. Aehr Test shares declined 5.3% to $21.50 in the after-hours session.
These after-hours moves set the stage for what could be an interesting Friday trading session, with investors weighing strong earnings beats against disappointing misses and General Motors' substantial charges.
