Kandi Technologies Group Inc (NASDAQ:KNDI) saw its shares surge 41% to $8.38 on the Nasdaq Wednesday after US regulators gave a green light to import the Chinese electric-car maker's models EX3 and K22 into the States, according to published reports. Meanwhile, shares of Tesla Inc (NASDAQ:TSLA) hit the brakes, falling about 1% to $301.31, after announcing the departure of general counsel Dane Butswinkas after just two months with the electric-vehicle maker.
Garmin Ltd (NASDAQ:GRMN), the GPS maker, saw shares rocket after it posted quarterly results that breezed past Wall Street forecasts. Not including items, the maker of navigation systems earned $1.02 per share, beating the consensus estimate of $0.80 a share. The company forecast full-year revenue of about $3.5 billion compared with analyst projections of $3.43 billion, on average.
The stock jumped more than 16.5% to $82.67.
CVS Health Corp (NYSE:CVS) shares tumbled as the Rhode Island-based pharmacy operator posted mixed results for the fourth quarter. Adjusted earnings per share for the three months came in at $2.14 compared with the $2.05 expected by analysts. Meanwhile, revenue came in at $54.42 billion, compared with the $54.58 billion expected by analysts. For the full year 2019, CVS forecast adjusted earnings between $6.68 and $6.88 per share, which is below the $7.41 per share analysts had expected.
The stock lost nearly 7% to $65.11.
Bausch Health Cos Inc (NYSE:BHC) saw shares tick lower even as the maker of eye-care products posted a 4Q beat. Revenue for the three months fell to $2.121 billion from $2.163 billion, which beat consensus of $2.08 billion. But the Candian company swung to a loss of $344 million in the period, down from a profit of $513 million a year earlier.
The stock tumbled 8.7% to $23.
Southwest Airlines Co (NYSE:LUV) shares flew lower after Goldman Sachs analysts downgraded the stock to a Sell from Neutral. The airline carrier also downgraded expectations for first-quarter revenue on the back of softer passenger demand and the government shutdown. It now expects the negative impact on the figure to be around $60 million compared to an original forecast of between $10 million and $15 million.
The shares fell 5.2% to $54.67.
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