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Tesla, Yum China Holdings, iRobot Corp and more - AFTER HOURS

Last updated: 07:35 08 Feb 2018 EST, First published: 02:35 08 Feb 2018 EST

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Elon Musk

Wall Street shares closed lower and after the bell, electric car giant Tesla Inc (NASDAQ:TSLA) was among the big stories trending.

Elon Musk's Tesla saw shares drop 1.48% to US$339.90 after the bell.

It came after revenues were just higher than estimates, while EPS (earnings per share) losses were lower than expected.

This quarter's (to December 31) cash burn was not as bad as predicted, although many analysts still consider it a risk.

Tesla also repeated its Model 3 production goals, expecting to still produce 5,000 Model 3s a week by the end of the second quarter.

 

Elsewhere, iRobot Corp (NASDAQ:IRBT) shares sank almost 19% after the New York bell after the robot firm revealed that revenue had beaten Wall Street estimates, but EPS fell short.

Meanwhile, Yelp Inc (NYSE:YELP) shares fell almost 11% to US$40 in trading after the bell as the internet marketing company beat analysts' estimates on earnings and revenue.

Last but not least, shares in Yum China Holdings Inc (NYSE:YUMC) lost 4.85% to US$42.15 after the fast food firm announced financials that beat analysts' estimates.

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