Business

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

In this article

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 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.

Products You May Like

Articles You May Like

American homebuyers are finding UK bargains, discounted by a weaker pound
LeBron James is a pickleball fan. And now he’s buying a team.
Met Gala 2023 theme will celebrate late designer Karl Lagerfeld
The new meme in town 😭
How Bryan Lourd became one of the most powerful people in the history of Hollywood

Leave a Reply

Your email address will not be published.