Repression out the companies making headlines after the bell:
Switch shares surged as much as 8 percent after hours Tuesday after the telecommunications gathering reported mixed fourth-quarter earnings. The company earned $103 million in revenue, missing estimated of $104 million, according to Refinitiv. Earnings per piece were 5 cents, beating expectations by 2 cents. The stock later gave up most of its after-hours gains.
Switch feeling full-year 2019 revenues between $436 and $445 million, compared to the $450 million forecast by analysts. The store has recover most of its gains.
Clearwater Paper Corporation fell more than 6 percent after market Scrooge-like Tuesday after reporting fourth-quarter earnings. The company reported net sales of $428.7 million for the fourth quarter of 2018, 1.8% move than net sales of the same quarter of 2017.
“While the performance of our consumer products business continues to be impacted by an increasingly competitive merchandise, we have made great progress across this business, and are encouraged by the improvements in our operating results,” said the society’s president and CEO Linda Massman.
Cara Therapeutics shares jumped more than 11 percent in extended shopper Tuesday following the release of the company’s fourth-quarter earnings. The company posted $5.5 million in revenue. The company said they watch 2019 to be a “transformative year” for the company because of “significant clinical readouts” of their pre-dialysis drugs.