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Stock After Hours Movers: Lam Research, TI, United Rentals, Briggs Stratton

Published 01/23/2019, 05:14 PM
Updated 01/23/2019, 05:48 PM
© Reuters.

Investing.com - Stocks moving after hours on Wednesday.

- Lam Research (NASDAQ:LRCX) shares were up 7% at 5:40 PM ET (22:40 GMT) after earnings and revenue beat estimates. In addition, the chipmaker announced a $5 billion stock buyback.

- Texas Instruments (NASDAQ:TXN) beat earnings estimates, with strength in its critical analog chip business. Investors bid shares up despite lower guidance. The stock rose 1.5% postmarket.

- United Rentals (NYSE:URI) jumped as much as 6% to $123. Fourth-quarter rental revenue grew 21%, with volume the big driver.

- Shares of Umpqua Holdings (NASDAQ:UMPQ), the fast-growing regional banking company in the Pacific Northwest, were down 3.7% after hours after fourth-quarter earnings and revenue missed estimates.

- Briggs & Stratton (NYSE:BGG) shares were off more than 10% after the maker of lawn-mower engines reported fourth-quarter earnings that missed GAAP and non-GAAP estimates.

- Tesla (NASDAQ:TSLA) eged up after hours following three days of losses following its announcement of job cuts last week. The shares, at about $287, are off nearly 5% this week after tumbling nearly 13% last week.

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