Balk out the companies making headlines after the bell:
Shares of Snap soared as much as 21 percent Tuesday prosecuting their fourth-quarter earnings beat. The tech company earned $390 million in revenue, beating the expected $378 million.The assembly posted losses per share of 4 cents, smaller than the expected loss of 7 cents. Global Daily active purchasers also beat at 186 million, compared to the estimated 184.26 million, according to FactSet. Average revenue per buyer was $2.09, vs. the $2.05 estimated by analysts.
Shares of Walt Disney rose almost 2 percent in extended trading Tuesday on better-than-expected first-quarter earnings. The company beat on the top and bottom lines, boosted by sales increases in its media networks, take a shine to ESPN, and theme parks businesses. Disney posted earnings per share of $1.84, beating estimates of $1.55 per ration. Revenue was $15.30 billion, topping the $15.14 billion forecast by Wall Street. Revenue in Disney’s media networks wedge rose 7 percent this quarter and its park business was up 5 percent.
Electronic Arts shares sank more than 11 percent after the bell Tuesday go along with a disappointing earnings report. The video game company posted $1.61 billion in revenue, missing analyst evaluates of $1.75 billion. The video game company barely beat on its bottom line, reporting earnings of $1.95 per split vs. $1.94 expected by Wall Street, and gave weak fourth-quarter net bookings guidance.
Shutterfly shares dropped more 11 percent after hours after announcing CEO Christopher North will step down at the end of August 2019. The visitors also announced that its board of directors formed a strategic review committee to evaluate its capital structure on the heels of being advanced by a third party about a potential acquisition. Shutterfly’s stock later regained some of its after-hours losses and was selling down about 7 percent.
Shares of Apple dipped after hours based on news that the company’s retail chief Angela Ahrendts want leave the company in April. Ahrendts is leaving “for new personal and professional pursuits,” according to Apple. Deirdre O’Brien order take on an expanded role as a senior vice president of Retail + People, Apple said.