Home Business Shares making the largest strikes after hours: IBM, Seagate, Ford & extra

Shares making the largest strikes after hours: IBM, Seagate, Ford & extra

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Pedestrians stroll in entrance of the IBM constructing in New York.

Scott Mlyn | CNBC

Take a look at the businesses making headlines after the bell:

IBM — Shares of IBM fell greater than 6% within the prolonged session after the company reported fourth-quarter sales beneath the place analysts have been anticipating. Income fell 6% on an annualized foundation, the fourth consecutive quarter of declines, in accordance with a assertion. 

Ford — Shares of the American automaker dropped 2.2% after the corporate stated in a authorities submitting that it will likely be conducting a area service motion to interchange Takata airbag inflators in sure automobiles from mannequin years 2006 to 2012. The corporate says it expects the motion to impression about 2.7 automobiles within the U.S.

CSX Corp. — CSX dropped 0.25% on headline earnings outcomes that topped analyst expectations, however a more in-depth have a look at the figures confirmed that the the railroad cuts prices quicker than income declined. Income of $2.83 billion beat expectations, although traders are intently watching its steerage for the remainder of the yr.

Seagate Technology — Seagate inventory dropped 4.6% regardless of reporting fiscal second-quarter revenue and gross sales forward of expectations and steerage for the third quarter about in keeping with estimates. Seagate stated it skilled “broad-based enchancment” and “stable buyer demand” for its merchandise.

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