March 28, 2021 at Micron Technology’s headquarters in Biosei, Idaho.
Jeremy Erickson | Bloomberg | Getty Images
Check out the companies that made the headlines after the bell on Tuesday:
Sherwin-Williams — After the company lowered its third-quarter sales guidance, the paint company’s share price fell 3% in after-hours trading. The management said on Tuesday: “The continued industry-wide raw material supply restrictions and price inflation that we previously reported have worsened, and we do not expect supply to improve or raw material prices to fall in the fourth quarter.” It also announced that it has reached an agreement to acquire Specialty Polymers, This is a manufacturer and developer mainly engaged in water-based polymers.
Micron Technology — The semiconductor company’s stock price fell 4% after reporting lower-than-expected earnings and revenue prospects for the first quarter of 2022. According to Refinitiv, Micron’s fourth-quarter earnings per share were US$2.42, exceeding expectations of US$2.33 per share.
Sober car — The share price of the electric car company has risen by 7% after announcing production of its first car already started Delivery is scheduled to start in late October. The entry-level price of the car starts at $77,400, and the company said it has received more than 13,000 reservations.
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