SolarCity, Disney, Nuance Tumbling In Tuesday's After-Hours Session
Shares of SolarCity Corp (NASDAQ: SCTY) were trading down more than 24 percent on Tuesday’s after-hours session, following the announcement of the company’s fourth quarter fiscal 2015 financial results. The renewable energy firm reported a net loss of $(2.37) per share, $0.20 better than expected, on revenue of $115.48 million, above the Street’s consensus of $104.29 million.
Weaker than expected guidance was responsible for the downward action.
Also falling on its earnings call was Walt Disney Co (NYSE: DIS), down than 2.7 percent since the bell rang. The entertainment and media company delivered earnings of $1.63 per share on revenue of $15.244 billion, well above the Street’s consensus of $1.44 per share and $14.928 billion.
Shrinking cable TV profits and ESPN fears were a couple reasons for investor bearishness.
Yet another decliner on Tuesday afternoon was Nuance Communications Inc. (NASDAQ: NUAN), down 1.45 percent on its first quarter fiscal 2016 earnings call.
Same as in the cases above, the smid cap provider of voice and language solutions posted earnings of $0.36 per share on revenue of $494.87 million, well above the Street’s consensus of $0.32 per share and $491.23 million, but the shares were still tumbling.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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