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Qualcomm, Apple, Kinder Morgan, Alcoa Corp and more

Last updated: 10:22 20 Jul 2017 EDT, First published: 03:22 20 Jul 2017 EDT

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Qualcomm was in focus after-hours

Telecoms equipment firm Qualcomm Inc (NASDAQ:QCOM) was in the spotlight after hours, with shares down almost 3% after it posted its quarterly numbers.

The tech group has been in a high profile dispute with behemoth Apple (NASDAQ:AAPL)  over charges.

San Diego based Qualcomm reported earnings of $1.16 a share on $6.04bn in revenue after hours. Earnings beat estimates but revenue was behind consensus. Shares later fell 4.69% to $54.12 in New York.

 

Elsewhere, Kinder Morgan Inc (NYSE:KMI) shares rose around 4% late on Wednesday after the energy infrastructure company said it expects its dividend to increase in future years and announced a share repurchase program.

Kinder expects a 60% dividend increase for 2018 and 25% annual dividend growth from 2018 through 2020, it said.

The company specializes in owning and controlling oil and gas pipelines and terminals. Shares in New York later added almost 6% at $20.84.

Meanwhile, aluminum giant Alcoa Corp (NYSE:AA) also saw shares fall after hours.

It is the fifth largest producer of the product in the globe, and the share slide happened despite it beating second quarter estimates. In the regular session, shares in Alcoa gained 1.21% to $36.93 each.

Finally, American Express Company (NYSE:AXP)  shares dropped over 1% in after hours deals to $85.93 after the group posted higher-than-expected earnings and revenue for the second quarter.

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