Thursday's After-Hours Movers: Amazon, Alphabet, Microsoft, Pandora & Skechers
Amazon.com, Inc. (NASDAQ: AMZN) rose more than 10 percent in Thursday’s after-hours session, following the announcement of the company’s third-quarter financial results. Earnings came in at $0.17 per share on revenue of $25.358, well above the Street’s expectations. Experts were modeling a consensus net loss of ($0.10) per share on sales of $24.851 billion.
Shares of Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) also rose about 10 percent after the bell rang. The tech giant reported earnings of $7.35 per share on revenue of $15.109 billion, beating the Street's consensus estimate of $7.25 per share and $15.087 billion.
Also moving on its earnings report was Microsoft Corporation (NASDAQ: MSFT), up roughly 5 percent since the market closed. The maker of Windows OS delivered earnings of $0.67 per share on revenue of $21.66 billion, beating experts’ forecasts, which called for earnings of $0.57 per share on sales of $21.23 billion.
On the other hand, Pandora Media Inc (NYSE: P) fell more than 15 percent after the bell rang on a poor earnings report. The Internet radio company issued an adjusted EPS of $0.10 on revenue of $311.6 million, compared to the Street's expectations for earnings of $0.10 per share and revenue of $312.39 billion.
Skechers USA Inc (NYSE: SKX) fell about 25 percent on its financial results. The Street was projecting consensus earnings of $0.54 per share on revenue of $868.4 million; However, EPS came in at $0.43 and revenue at $856.2 million.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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