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Stocks making the biggest moves after hours: AMC, Novavax and more

An AMC theatre is pictured amid the coronavirus illness (COVID-19) pandemic within the Manhattan borough of New York Metropolis, New York, U.S., January 27, 2021.

Carlo Allegri | Reuters

Take a look at the businesses making headlines after hours.

AMC — Shares jumped 4% after the leisure firm reported its “strongest first quarter in two full years” as shoppers return to film theaters. AMC beat on revenues with $785.7 million, as in contrast with the $743 million anticipated by analysts polled by Refinitiv.

Novavax — Shares dropped greater than 10% after the biotech firm reported an earnings miss. Novavax reported adjusted earnings of $2.56 per share on income of $704 million. Analysts polled by Refinitiv have been anticipating earnings of $2.69 per share on income of $845 million. Nonetheless, Novavax reported its first worthwhile quarter from a worldwide vaccine rollout.

Upstart — Shares tumbled 39% after the synthetic intelligence firm reported earnings. Upstart income of $310 million topped expectations. Analysts have been anticipating a quarterly revenue of 51 cents per share on revenues of $300 million, in accordance with consensus estimates from Refinitiv.

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