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The Stock MarketLevi Strauss, Twitter, Meredith and more

Levi Strauss, Twitter, Meredith and more

An worker holds a buying bag whereas ringing up a buyer on the Levi Strauss & Co. flagship retailer in San Francisco, March 18, 2019.

David Paul Morris | Bloomberg | Getty Images

Check out the businesses making headlines after the bell Wednesday:

Levi Strauss & Co — Shares of the denim producer rose practically 3% after reporting quarterly earnings and gross sales that topped analyst expectations as back-to-school drove shopper demand. While many attire firms are being hit onerous by world provide chain bottlenecks, Levi Strauss mentioned lower than 4% of its world quantity comes from Vietnam, the place manufacturing services have suffered from periodic shutdowns throughout the pandemic.

Meredith Corp. — Meredith gained more than 6% after hours on information that IAC’s Dotdash will purchase the corporate’s digital and journal companies for $42.18 per share in an all-cash transaction. The mixed firm can be known as Dotdash Meredith and be led by Dotdash CEO Neil Vogel.

Twitter — The social media firm’s shares added practically 2% after it introduced plans to promote its MoPub cellular promoting community to cellular sport developer AppLovin for $1.05 billion in money. Twitter purchased MoPub for a reported $350 million in September 2013.

Citrix Systems — The cloud firm gained 1% after it introduced that CEO and President David Henshall has stepped down and that board chair Bob Calderoni is changing him, efficient instantly. The firm additionally mentioned it expects third-quarter income to be on the midpoint to excessive finish of its earlier steerage vary.

Rocket Lab USA — Shares of the area firm soared more than 20% after asserting it received a NASA contract to launch an Advanced Composite Solar Sail System, which is able to launch as a part of a rideshare mission scheduled for lift-off in mid-2022.

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