The entrance to the elevators, designed to look like a tunnel entering the stadium, is illustrated at the new DraftKings office in Boston on March 25, 2019.
David L. Ryan | Boston Globe through Getty Images
Check out the companies that make headlines by ringtone on Thursday:
QuantumScape – The shares of the 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 that Scorpio will benefit financially from a decrease in its shares. QuantumScape shares fell more than 12% during the regular earlier session.
DraftKings – DraftKings shares rose 3% after the company announced it had struck a deal with the NFL to become one of the league’s official sports betting partners. DraftKings has also renewed its daily fantasy football partnership with the league.
Alcoa – Aluminum maker’s shares rose 2% after the company reported better-than-expected results in the first quarter. Alcoa reported earnings per share of 79 cents on revenue of $ 2.87 billion. Analysts surveyed by FactSet expected earnings per share of 45 cents on revenue of $ 2.63 billion.
PPG Industries – PPG shares fell 5% after the company posted first-quarter results that exceeded analysts’ forecasts. The company reported earnings per share of $ 1.88 on revenue of $ 3.88 billion. Analysts surveyed by FactSet predicted earnings per share of $ 1.57 on revenue of $ 3.67 billion.