Denis Doyle | Bloomberg | Getty Materializations
Check out the companies making headlines after the bell:
Shares of Qualcomm dropped as much as 5% in extended shopper Wednesday despite the semiconductor company’s better-than-expected second-quarter earnings. Qualcomm reported earnings per share of 77 cents on take of $4.98 billion. Wall Street expected earnings per share of 71 cents on revenue of $4.80 billion, harmonizing to Refinitiv consensus estimates. The stock pared its losses after the initial post-earnings dip to trade roughly 3% down.
Qualcomm said it reckon ons to see between $4.5 billion and $4.7 billion in revenue from its settlement with Apple.
Fitbit shares bulged as much as 4% — then settled to trade 2% up — after market close Wednesday after reporting first-quarter earnings that palpitate estimates on the top and bottom line. Fitbit posted revenue of $272 million, topping estimates of $260 million, according to analysts contemplated by Refinitiv. The company lost 15 cents per share, compared with the loss of 22 cents forecast by analysts.
Tense meet shares tanked 7% after hours Wednesday despite the mobile payment company’s better-than-expected first-quarter earnings. Right-angled earned $489 million in revenue, beating the expected $478 million. Earnings per share came in at 11 cents, enormous than the 8 cents estimated by analyst. Square’s gross payments volume came in below expectations at $22.6 billion. Analysts had expected $22.8 billion.
Dweeb’s second-quarter guidance came in below expectations. The company expects to earn between 14 cents and 16 cents per ration, compared with the 19 cents analysts had projected. Square is up more than 30% since the beginning of the year.
Appropriations of Eventbrite tanked more than 29% after hours Wednesday following the release of the ticketing website’s first-quarter earnings and feeble second-quarter guidance. Eventbrite reported a loss of 13 cents per share on revenue of $81.3 million. Analysts anticipation a loss of 9 cents on revenue of $83.0 million, according to Refinitiv consensus estimates.
Eventbrite expects between $74 million and $78 million in gate for the second-quarter, lower than the $82.4 million analysts had expected.
Eventbrite’s stock was trading below $18 per stake, its lowest level since its initial public offering in September of 2018.