Wednesday's After-Hours Movers Include Facebook, FireEye, Qualcomm, Whole Foods, Homeaway And Expedia

Shares of Facebook Inc FB were trading up roughly 3 percent on Wednesday’s after-hours session, following the announcement of the company’s third quarter financial results. The social media behemoth reported earnings of $0.57 per share on revenue of $4.501 billion, ahead of the Street’s consensus estimate of $0.52 per share and $4.387 billion.

On the other hand, FireEye Inc FEYE fell more than 14 percent since the bell rang. The hot cybersecurity company reported a net loss of ($0.37) per share, beating the Street’s consensus, which called for a net loss of ($0.45) per share. However, revenue of $165.62 million fell short of expectations for sales of $167.14 million.

Also falling on its earnings report was QUALCOMM, Inc. QCOM, down approximately 2.3 percent since the market closed. The large-cap tech company delivered earnings of $0.91 per share on revenue of $5.452 billion, ahead of the Street’s consensus of $0.86 per share and $5.21 billion. However, shares were falling on the back of what many considered light guidance.

One of the biggest gainers of the afternoon was, however, HomeAway, Inc. AWAY, which was up roughly 19 percent in after-hours trading after announcing Expedia Inc EXPE, would acquire the company for $3.9 billion in cash and stock.

Shares of Expedia rose slightly on after-hours trading as well.

Finally, shares of Whole Foods Market, Inc. WFM lost about 5 percent on an earnings miss. Earnings came in at $0.30 per share on revenue of $3.438 billion, versus the Street’s consensus of $0.35 per share and $3.48 billion.

 

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

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