Electric car maker Tesla (NASDAQ:TSLA) was a big riser after hours after it posted a narrower- than -expected loss for the second quarter, but it was still wider than last year.
Shares in Elon Musk's company gained 5.56% to US$344 after the bell in New York.
Sales in the second quarter rose to US$2.79bn compared to US$1.28bn the same period a year ago, while the net loss widened to US$401mln from US$293mln, reflecting the costs of ramping up the Model 3.
The group expects to produce 1,500 Model 3 vehicles in the upcoming third quarter, 5,000 vehicles produced per week by the end of this year and 10,000 per week by the end of 2018.
Elsewhere, Fitbit (NYSE:FIT) added as much as 8% as the tech group reported better-than-expected quarterlies. In the June quarter the group posted a loss of 8 cents per share against an expected loss of 15 cents.
Management said it was on track to release a smartwatch before the holiday season.Wyndham Worldwide ( NYSE: WYN ) shares added almost 5% after it revealede it would spin off its hotel business, which would result in two separate, publicly traded companies.
Wyndham Hotel Group will become a new, publicly traded pure-play hotel company and Wyndham Vacation Ownership will be the world's largest publicly traded timeshare company and will be joined with Wyndham Destination Network, home to RCI.
Also Cheesecake Factory (NASDAQ:CAKE) shares plunged over 6% to $44.20 after hours as it reported a decline in comparable restaurant sales, which overshadowed earnings and revenue that were roughly in-line with expectations.