Why Twitter, Cisco And Tesla Are Moving In The After-Hours Session

Shares of Cisco Systems, Inc. CSCO were trading up more than 5.4 percent on Wednesday’s after hours session, following the announcement of the company’s second quarter fiscal 2016 financial results. The tech giant posted earnings of $0.57 per share on revenue of $ 11.927 billion, above the Street’s consensus of $0.54 and $11.755 billion. In addition, management announced it will add $15 billion to its share repurchase program, and boosted the stock’s dividend yield to 4.6 percent, or $0.26 per share -- payable on April 27 to shareholders of record as of April 6.

On the other hand, Twitter Inc TWTR was down 5.3 percent since the bell rang, after reporting earnings of $0.16 per share, $0.04 higher than the Street expected, on revenue of $710.47 million, slightly above consensus of $709.24 million. Despite the positive results, the shares were tumbling on news that the social network’s monthly active users came in flat for the quarter – an average of 320 million monthly active users.

Finally, there’s Tesla Motors Inc TSLA up more than 10.6 percent since the market closed. The electric vehicles maker posted an adjusted net loss of $(0.87) per share, substantially below the Street’s expectations for EPS of $0.07. Sales of $1.747 billion, compared to the Street’s consensus of $1.784 billion. So, why was the stock surging? Well, it seems like investors liked the guidance that management provided for 2016, which included deliveries of 80,000 to 90,000 new Model S and Model X cars in 2016.

 

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

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Posted In: EarningsNewsGuidanceAfter-Hours Center
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