Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more
Check out the companies making headlines after the bell : Nike — Shares added nearly 1% after the sneaker giant and athletics apparel company renewed its uniform partnership with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for another 12 years. Zions Bancorporation — The regional bank stock rose 3% on stronger-than-expected third-quarter results. Zions reported earnings of $1.37 per share on $792 million in revenue, ahead of the earnings of $1.17 per share and $779 million in revenue expected by analysts polled by LSEG. Net income also came in ahead of estimates. Nucor — The steel production company declined about 3% despite posting adjusted earnings and revenue that topped expectations in the third quarter. Nucor said it expects a decline in GAAP earnings per share for the current period over the prior quarter. SAP SE — U.S.-listed shares of the German technology company gained 4% on strong third-quarter results. SAP also lifted its full-year cloud and software revenue guidance. Hexcel — The manufacturer of composite materials slipped 2%. In the third quarter, Hexcel reported adjusted earnings of 47 cents per share on revenue of $456.5 million. Analysts polled by FactSet sought 46 cents per share in earnings and $457.1 million in revenue. The lower end of Hexcel’s full-year guidance range for earnings and revenue was below the Street’s estimates. Alexandria Real Estate Equities — The real estate investment trust jumped 2%. Alexandria reported third-quarter revenue of $791.6 million and funds from operation of $2.37 per share, as adjusted. That is an improvement from the year-ago period, when the REIT posted $713.8 million in revenue and $2.26 per share, as adjusted, in funds from operations. — CNBC’s Darla Mercado contributed reporting.
