Musk would have been appointed to Twitter’s board on Saturday, however the world’s richest man knowledgeable the corporate on the day that he wouldn’t, the truth is, be taking the board seat.
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Listed here are the shares making headlines after the bell.
Twitter — Shares of the tech firm rose about 1% in prolonged buying and selling after the Wall Road Journal reported that Apollo World was contemplating taking part in a takeover bid for Twitter. Apollo may probably help Elon Musk or one other bidder to lift the financing for a deal, in response to the report. Sources aware of the matter instructed CNBC that Apollo would probably present financing for a deal within the type of most well-liked fairness however will not be fascinated about becoming a member of a consortium of personal fairness corporations to purchase the corporate.
Netgear — Shares of the tech firm fell about 10% after the corporate introduced first-quarter steering that got here in under StreetAccount estimates. Netgear mentioned the US shopper WiFi market declined within the first quarter of 2022 and that it suffered with provide chain points associated to the Covid lockdowns in China.
Tremendous Micro Pc — The data know-how inventory rose greater than 13% in prolonged commerce after the corporate raised its steering for the quarter ended March 31. Tremendous Micro Pc hiked its steering for earnings and income, citing sturdy development in buyer demand.
JB Hunt Transportation Providers — Shares of the transport firm ticked up about 1% after a stronger-than-expected first-quarter report. JB Hunt reported $2.29 in earnings per share on $3.49 billion in income. Analysts have been anticipating $1.94 per share on $3.29 billion in income, in response to Refinitiv.