In after-hours trading, several companies garnered significant attention based on their recent financial disclosures and performance.
General Motors experienced a 2% decline in stock price following a regulatory filing revealing it would incur $7.1 billion in special charges for the fourth quarter of 2025. These charges are linked to a reduction in electric vehicle production and restructuring initiatives in China.
In contrast, shares of Intel rose by 1.7%. This increase followed a positive social media endorsement from former President Donald Trump, who praised a recent meeting with Intel CEO Lip-Bu Tan. The U.S. government, which acquired a 10% stake in Intel last August, is now the company’s largest shareholder.
Tilray Brands, a leading player in consumer packaged goods and cannabis, reported record net revenue for its fiscal second quarter, prompting an almost 8% increase in its stock price. The company achieved revenue of $218 million, surpassing the $211 million projected by analysts.
Conversely, WD-40 saw its stock price drop by 9.6% after announcing a net income of $17.5 million for the first quarter, reflecting an 8% decrease compared to the previous year. The company maintained its full-year guidance, attributing the first-quarter decline to timing factors within its distributor network rather than a decrease in end-user demand, suggesting a potential recovery later in the year.
Why this story matters
- Highlights key shifts in major companies in the automotive, technology, consumer goods, and manufacturing sectors.
Key takeaway
- Financial performance varies significantly across industries, with some companies experiencing growth while others face challenges.
Opposing viewpoint
- Despite the optimism in some sectors, concerns remain about the overall economic environment affecting future profitability.
