Tuesday's After-Hours Movers Led By Twitter, Gilead, Yelp & Buffalo Wild Wings, Post-Earnings

As the earnings season continues, let’s take a look at Tuesday’s after-hours movers.

Shares of Twitter Inc TWTR, which rose 5.3 percent during the day, continue to surge (more than 5.6 percent) after the bell. The social media giant reported earnings of $0.07 per share on revenue of $502.38 million, above the Street’s consensus of $0.05 per share on sales of $487.38 million.

These figures compare to earnings of $0.02 per share on revenue of $312 million reported in the second quarter of 2014, and earnings of $0.07 per share on revenue of $435.94 million registered last quarter.

As Benzinga had anticipated, Gilead Sciences, Inc. GILD also delivered strong second quarter results. Earnings came in at $3.15 per share on sales of $8.244 billion, well above the Street’s consensus estimate of $2.64 per share and $7.36 billion. Following the beat, Gilead’s stock is up almost 3 percent.

On the other hand, Yelp Inc YELP’s stock plunged more than 15 percent in after-hours after the company missed earnings estimates. For the second quarter, the online reviews leader reported a net loss of ($0.02) per share on sales of $133.91 million.

However, according to Estimize, the Street was expecting consensus earnings of $0.01 on revenue of $133.2 million. The crowd also anticipated earnings of $0.01 per share, but its revenue estimate of $132.85 was further away from the actual figure, but closer to guidance of $132.5 million.

Buffalo Wild Wings BWLD also reported its quarterly financial results on Tuesday evening, and the stock surged about 6.7 percent after the event although earnings and revenue fell short of expectations.

The Street was modeling consensus earnings of $1.25 per share on revenue of $429.63 million. However, the restaurant operator announced EPS of $1.12 on sales of $426.39 million.

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Posted In: EarningsNewsAfter-Hours CenterMoversTech
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