Look at out which organizations are making headlines soon after the bell on Wednesday:
Facebook shares popped two % in soon after-several hours buying and selling Wednesday soon after the business described earnings above analysts expectations. The social media business described earnings of $1.forty one for every share very well above Wall Avenue exception’s of $1.31 earnings for every share. Facebook also described revenue of $eight.eighty one billion, above the $eight.51 billion revenue figure anticipated, according to a Thomson Reuters consensus estimate.
Shares of Symantec fell three % in extended-several hours buying and selling soon after the business reported it options to use company bonds to obtain competitor LifeLock. The technology business reported it options to supply $1 billion in unsecured senior notes for the obtain. Symantec also described earnings that beat on both equally the best and base traces. Symantec reported earnings arrived in at 32 cents for every share vs 28 cents for every share anticipated. The business described revenue of $1.09 billion as opposed to $909 million anticipated, according to a Thomson Reuters consensus estimate.
Qorvo shares plummeted eight % in soon after-several hours buying and selling soon after the business described weak guidance for its existing quarter. The chipmaker’s president and CEO Bob Bruggeworth reported he is expecting an “historic sequential drop” as two of its foremost consumers in China and a tier-1 client in Korea hold off flagship smartphone launches, according to a press launch. The business also described second-quarter earnings that exceeded analyst expectations.
Shares of Cavium rose two % soon after the business described earnings that beat the Street’s expectations. The semiconductor business posted earnings of 56 cents for every share topping the fifty four for every share anticipated by analysts. Earnings also arrived in larger than anticipated, according to a Thomson Reuters consensus estimate.