Biggest Movements After Hours: Sherwin-Williams and more


Micron Technology headquarters in Biose, Idaho, March 28, 2021.

Jérémy Rickson | Bloomberg | Getty Images

Check out the companies that made the headlines after the bell Tuesday:

Sherwin-Williams – The paint company saw its shares drop 3% in prolonged trading after the company lowered its sales forecast for the third quarter. “The persistent and industry-wide constraints on raw material availability and the price inflation we previously reported have worsened, and we do not expect supply to improve or decline. lower commodity prices in the fourth quarter as expected, ”management said Tuesday. It also announced that it has entered into an agreement to acquire Specialty Polymers, a manufacturer and developer primarily of water-based polymers.

Micron Technology – Shares of the semiconductor company fell 4% after reporting lower than estimated first quarter 2022 earnings and revenue outlook. Micron reported fourth-quarter earnings of $ 2.42 per share, beating estimates of $ 2.33 per share, according to Refinitiv.

Lucid Motors – Shares of the electric vehicle company rose 7% after announcing production of its first car had started and deliveries are expected to start in late October. The price for an entry-level version of the car starts at $ 77,400 and the company said it has received more than 13,000 reservations.

Become a smarter investor with CNBC Pro.
Get stock picks, analyst calls, exclusive interviews, and access to CNBC TV.
Register to start a free trial today

Source link