The entrance from the elevators, designed to look like a tunnel entering the stadium, is on display at the new DraftKings office in Boston on March 25, 2019.
David L. Ryan | The Boston Globe through Getty Images
Check out the companies that make news after Thursday’s bell:
QuantumScape: The shares of electric vehicle battery maker rose 3% after the company responded to a report from short seller Scorpion Capital. In the report, the company called QuantumScape a “pump and dump SPAC” scam. QuantumScape said Scorpion will benefit financially from a decrease in its shares. Shares of QuantumScape fell more than 12% during the regular session earlier in the day.
DraftKings: DraftKings shares rose 3% after the company announced it had signed a deal with the NFL to become one of the league’s official sports betting partners. DraftKings also renewed its daily fantasy football partnership with the league.
Alcoa: Aluminum producer shares rose 2% after the company reported better-than-expected first-quarter results. Alcoa earned earnings per share of 79 cents on revenue of $ 2.788 billion. Analysts surveyed by FactSet expected earnings per share of 45 cents in revenue of $ 2.63 billion.
PPG Industries: PPG shares appeared 5% after the company recorded first quarter results that exceeded analysts ’predictions. The company reported earnings per share of $ 1.88 for revenue of $ 3.888 million. Analysts surveyed by FactSet predicted earnings per share of $ 1.57 in revenue of $ 3.678 billion.