Musk was supposed to be appointed to Twitter’s board of directors on Saturday, but the world’s richest man told the company that day that he would not, in fact, take a board seat.
Andrew Burton | Getty Images News | Getty Images
Here are the stocks that make the headlines after the bell.
Twitter The technology company’s shares rose about 1% in extended trading after The Wall Street Journal It reported that Apollo Global was considering participating in a Twitter takeover bid. Apollo could potentially help Elon Musk or another model raise funding for a deal, according to the report. Sources familiar with the matter told CNBC that Apollo will do so Possibly provide financing for the transaction in the form of preferred capital But he is not interested in joining a consortium of private equity firms to buy the company.
we change – Shares of the tech company fell about 10% after the company reported first-quarter guidance that fell short of StreetAccount’s estimates. Netgear said the US consumer WiFi market declined in the first quarter of 2022 and that it struggled with supply chain issues related to the Covid shutdown in China.
Super Micro Computer –IT stock rose more than 13% in extended trading after the company raised its guidance for the quarter ended March 31. Super Micro Computer raised its earnings and revenue guidance, citing strong growth in customer demand.
GB Hunt Transportation Services The shipping company’s shares rose about 1% after a stronger-than-expected first-quarter report. JB Hunt reported earnings of $2.29 per share on revenue of $3.49 billion. Analysts had been expecting $1.94 a share for $3.29 billion in revenue, according to Refinitiv.