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Tesla Inc. said late Thursday that Eric Branderiz, its chief accounting officer and controller, has left the company. Branderiz left “for personal reasons,” Tesla said in a filing that did not specify an interim controller nor outlined a search for his replacement. According to a LinkedIn profile, Branderiz had been at Tesla since October 2016, and previously worked at SunPower Corp. Tesla shares fell 1.3% late Thursday after ending the regular session down 1%.

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DavidsTea Inc. announced Thursday afternoon that co-founder Herschel Segal will leave its board after his attempt to take the company private was not well-received. The beleaguered Canadian retailer released two letters sent by Segal in a filing with the Securities and Exchange Commission, a Feb. 20 letter from his investment firm seeking to buy out minority investors and take the company private, and a March 5 letter resigning his position on the board. “We all hoped that the current CEO, who joined DavidsTea just over one year ago, would be able to implement the measures necessary to turn around the performance and results of the company,” Segal wrote in his resignation letter. “However, judging by the December results and the preliminary results since then, this is clearly not the case.” Segal also said he was “very disturbed” by the board’s reaction to the letter seeking to take the company private, though he was not specific about the reaction. DavidsTea is undergoing a strategic review, and said in its filing it would consider the offer from Segal along with other options. The stock has lost more than 85% of its value since debuting on Wall Street in 2015, and the company is valued at less than $100 million at Thursday’s closing price of $3.65.

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Funko Inc. shares surged in the extended session Thursday after the toy and collectibles maker topped Wall Street estimates for the quarter. Funko shares rallied 8% after hours, following a 0.9% rise to close at $7.94 in the regular session. Shares have struggled since their November initial public offering and have never traded at or above their IPO price of $12. The company reported fourth-quarter net income of $6.3 million, or 7 cents a share, compared with $15.8 million in the year-ago period. Adjusted earnings were 22 cents a share. Revenue rose to $169.5 million from $132.4 million in the year-ago period. Analysts surveyed by FactSet had estimated 16 cents a share on revenue of $146.6 million.

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El Pollo Loco Holdings Inc. shares shot up 7% in the extended session Thursday after the company beat earnings expectations and issued higher-than-expected guidance for 2018. El Pollo stock closed at $9.60 during the regular session. The company reported fourth-quarter net losses close to break-even, or $38,000, which amounts to zero cents a share. In the year-ago period, the restaurant holding outfit logged net income of nearly $500,000, or 1 cent a share. Adjusted earnings were 11 cents a share. Revenue rose to $95.2 million from $92.5 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 10 cents a share on revenue of $95.3 million. El Pollo said for 2018 it expects adjusted earnings of 68 cents to 73 cents a share, while Wall Street expected earnings of 70 cents a share. El Pollo stock has dropped 19% this year, with the S&P 500 index rising 15%.

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Cooper Cos. late Thursday said Chief Executive Robert Weiss will retire at the end of April and will be succeeded by Chief Financial Officer Albert White on May 1. Weiss will continue to remain with the company until Dec. 31 as an adviser. Cooper Cos. shares were unchanged after hours.

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Marvell Technology Group Ltd. shares slipped in the extended session Thursday even after the chipmaker’s quarterly results and outlook topped Wall Street estimates. Marvell shares declined 1.5% after hours, following a 2.7% gain to close the regular session at $24.32. The company reported fourth-quarter net income of $48.8 million, or 10 cents a share, compared with a loss of $80.1 million, or 16 cents a share, in the year-ago period. Adjusted earnings were 32 cents a share. Revenue rose to $615.4 million from $566.4 million in the year-ago period. Analysts surveyed by FactSet had estimated 31 cents a share on revenue of $611 million.

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Stocks ended with gains Thursday after President Donald Trump moved to implement tariffs on steel and aluminum imports, but provided an immediate exemption for Mexico and Canada while allowing other countries to negotiate exclusions. Stocks traded on either side of unchanged for much of the session, finding strength late in the day as details of the plan emerged. The S&P 500 ended 0.4% higher at 2,738.97, according to preliminary figures, while the Dow Jones Industrial Average advanced 93.85 points, or 0.4%, to 24,895.21. The Nasdaq Composite rose 0.4% to 7,427.95.

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Shares of Blue Apron Holdings Inc. fell 17.1% in Thursday trading after Weight Watchers International Inc. said that it would be rolling out its own meal kits. Weight Watchers plans to unveil its kits next week at a Chicago conference. Earlier this week, Walmart Inc. also announced that it would be debuting meal kits in stores. Shares of Blue Apron have come under pressure since the company’s June IPO in part due to increased competition in the meal-kit industry. Shares are down 24% so far this week, and they’re off 79% from their IPO price of $10. The S&P 500 Index is up 16% over the past 12 months.

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From:: Stock Market News