Trading News

Stocks making the biggest moves after the bell: Microsoft, F5, Navient & more

0

In this article

NAVI

FFIV

MSFT

Microsoft CEO Satya Nadella speaks at Microsoft Developer Day in Singapore on May 27, 2016.
Charles Pertwee | Bloomberg | Getty Images

Check out the companies making headlines after the bell Tuesday:

Texas Instruments — Shares of the semiconductor company popped more than 4% on the back of a better-than-expected quarterly revenue figure. Texas Instruments reported fourth-quarter revenue of $4.83 billion, topping a Refinitiv estimate of $4.43 billion. The company also issued strong earnings and revenue guidance for the current quarter.

Microsoft — Microsoft shares slid about 5% even after the tech giant posted stronger-than-expected results for the previous quarter. The company reported a profit of $2.48 per share on revenue of $51.73 billion. Analysts expected earnings per share of $2.31 on revenue of $50.88 billion.

F5 — F5 shares dropped more than 13% after the company issued current-quarter revenue guidance that was well below expectations. F5 said it sees fiscal second-quarter revenue ranging between $610 million and $650 million. According to StreetAccount, analysts expected guidance of around $693 million. F5 cited supply chain constraints for the disappointing forecast. The company also slashed its full-year revenue growth estimates.

Navient — Shares of the student loan services giant slid 5.5% on the back of a disappointing quarterly profit. Navient reported adjusted core earnings per share of 78 cents. Analysts expected earnings of 87 cents per share, according to StreetAccount.

Fed will raise its policy interest rate above the inflation rate ‘sooner rather than later,’ says ex-governor Quarles who resigned last month

Previous article

Trillion-dollar tech companies set to report results amid worst January slump since 2008

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Trading News