This is a have a look at the businesses making headlines in after-hours buying and selling: Robinhood — The retail brokerage jumped 4.5% after saying a $1 billion inventory buyback plan. Robinhood administration expects to execute the plan inside two to a few years, beginning within the third quarter of 2024, a press launch stated. Cava Group — Shares of Cava Group fell 5% in after-hours buying and selling regardless of the restaurant chain reporting first-quarter revenue and income that considerably beat estimates. Cava reported earnings of 12 cents per share on income of $259 million, whereas analysts polled by LSEG anticipated earnings of 4 cents per share on income of $246 million. Cava shares hit a brand new 52-week excessive earlier Tuesday. Field — Shares of the cloud storage firm rose 1.2% as earnings and income beat expectations. Field reported adjusted earnings of 39 cents per share, whereas analysts polled by LSEG anticipated earnings of 36 cents per share. Income for the quarter was $264.7 million, beating expectations of $262 million. Microchip Know-how — Microchip shares fell 2.8% after the corporate introduced plans to situation $1.1 billion in convertible senior notes due 2030 by a personal placement, topic to market situations and different elements. American Airways — Shares of the airline fell greater than 6%. American Airways slashed its second-quarter gross sales forecast. The corporate additionally expects adjusted earnings of $1 to $1.15 per share within the interval, in contrast with earlier steering of $1.15 to $1.45 per share, in accordance with regulatory filings. The newest outlook for adjusted earnings was additionally beneath the FactSet consensus estimate of $1.30 per share. Shares of Delta Air Traces and United Airways each fell about 2%. —CNBC’s Darla Mercado contributed reporting.
