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Find out which companies are making headlines in after hours trading Tuesday.
Verizon – Shares of the telecom giant rose 2% after hours after Warren Buffett’s Berkshire Hathaway revealed a large stake in Verizon. As of December 31, Berkshire Hathaway held 146,716,496 Verizon shares worth $ 8.6 billion at the end of 2020.
SolarEdge – Shares of the solar inverter maker have gained more than 4% following the release of the company’s fourth quarter results. SolarEdge earned 98 cents per share excluding items on revenue of $ 358.1 million. Analysts polled by FactSet expected the company to earn 66 cents a share on revenue of $ 355.5 million.
Chevron – Shares of the oil giant rose 2% in extended trading after Berkshire Hathaway also disclosed a stake in the energy company. The conglomerate bought more than 40 million Chevron shares in the fourth quarter, according to a regulatory filing.
QuantumScape – Shares of the battery company gained 5% after QuantumScape released its first quarterly report since going public in November. The company said it lost $ 2.41 per share. There were too few estimates to have a street consensus for the quarter. The company said in a letter to shareholders that it felt it had “sufficient funding … to fund us through first production.”
—Riche Mendez of CNBC contributed reporting.
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