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IBM, Cree, Amazon.com Inc, Select Comfort Corp - AFTER HOURS

Last updated: 12:34 18 Oct 2017 BST, First published: 07:34 18 Oct 2017 BST

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IBM shares rose after the bell in New York

Wall Street shares closed mixed but there were some notable movers after hours.

Shortly after the closing bell, IBM (LON:IBM), the computer and tech titan, released its third quarter earnings.

It was the group's 22nd second quarter of declining revenue, yet its revenue and profit exceeded Wall Street's expectations, sending shares zipping up 5%.

On the flip side, Cree Inc (NASDAQ:CREE) shed 3.41% to US$28.34 as it issued its fiscal first quarter report.  The LED and lighting products group reported earnings and revenue, which were in line with estimates, but the company offered weak guidance for the current period.

Tech behemoth Amazon.com Inc saw shares nudge up 0.11% to US$1,009.13. Late in the day the firm  revealed that the Amazon Studios chief Roy Price had resigned following allegations of sexual harassment.

Producer Isa Hackett claims he repeatedly made unwanted propositions to her during a taxi ride in 2015.

Select Comfort Corp (NASDAQ:SCSS) saw shares sag 3.88% to US$29.20 after the bell after the bed and mattress maker posted earnings and revenue, which fell short of Wall Street expectations, and increased its share-buyback program to US$500mln.

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