Check out the companies making headlines after the bell Tuesday:
Shares of Disney fell in extended trade Tuesday despite reportingbetter-than-expected first-quarter earnings and revenues. The entertainment pioneer behind the latest “Star Wars” film reported earnings of $1.63 per share on revenue of $15.24 billion, excluding items. That was higher than the $1.45 per share on $14.75 billion forecast by analysts.
Though CEO Bob Iger told CNBC there’s been an uptick in ESPN subscribers and an expansion to digital streaming within the company, a year-over-year decline in operating income across Disney’s cable networks fueled investor worries.
Cloud computing company Akamai saw stocks pop after it reported earnings and revenue that beat analysts’ expectations. The enterprise software company posted earnings of 72 cents per share on revenue of $579 million, excluding items, better than the 62 cents on $569 million expected by Wall Street.
Another enterprise technology firm, Paycom Software, also rose after the closing bell after reporting earnings. The bounce came after markets had punished cloud companies like Tableau and Cognizant for weak spots in recent earnings guidance.
Solar power systems firm SolarCity’s stock slid in extended trade after reporting a loss of $2.37 per share, excluding items, on revenue of $115 million, in the latest quarter. Earnings were higher than the $2.59 loss on $106 million expected by analysts, but the company said it would revamp its guidance process after falling short of installation goals.
“Though we are projecting a lower rate of growth in 2016 than in years past, our guidance still implies over 40 percent annual growth in 2016, a rate of growth that would be the envy of most industries and companies in this country,” CEO Lyndon Rive wrote in a letter to shareholders.
Shares of fellow solar companies Sunrun, Solaredge Technologies, andSunEdison also saw sharp declines after the bell.
Panera Bread’s stock ticked up after hours. The quick-service chain reported better-than-expected earnings of $1.88 per share, beating estimates by 10 cents, excluding items. But revenue fell slightly short of estimates, hitting $692 million in the latest quarter, versus the $695 million expected by Thomson Reuters’ consensus.
Nuance Communications shares also saw a boost after posting quarterly earnings. The maker of voice recognition software for products similar to Apple’s Siri, posted adjusted earnings of 36 cents per share, beating the 34 cents expected by Thomson Reuters consensus estimates.
[“source -cncb”]
