Check out the companies that made the headlines after the bell Wednesday:
Levi Strauss & Co – Shares of the denim maker rose nearly 3% after posting quarterly earnings and sales above analysts’ expectations, with the back-to-school season boosting consumer demand. As many clothing companies are hit hard by bottlenecks in the global supply chain, Levi Strauss said less than 4% of its global volume comes from Vietnam, where production facilities have suffered from shutdowns. periodicals during the pandemic.
Meredith Corp. – Meredith Earns More Than 6% After Hours On Announcement That IAC’s Dotdash To Acquire The Company’s Digital And Magazines Business For $ 42.18 A Share In All-Cash Transaction . The combined company will be called Dotdash Meredith and will be led by Dotdash CEO Neil Vogel.
Twitter – Shares of the social media company rose nearly 2% after announcing plans to sell its mobile advertising network MoPub to mobile game developer AppLovin for $ 1.05 billion in cash. Twitter bought MoPub for $ 350 million in September 2013.
Citrix Systems – The cloud computing company gained 1% after announcing that CEO and chairman David Henshall had stepped down and chairman of the board, Bob Calderoni, would replace him, effective immediately. The company also said it expects third quarter revenue to be in the mid to high range of its previous forecast range.
Rocket Lab USA – Shares of the space company soared more than 20% after it announced it won a contract with NASA to launch an advanced composite solar sail system, which will be launched as part of a carpool mission that take-off is scheduled for mid-2022.
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