6 Stocks Moving In Tuesday's After-Hours Session
Markets tumbled on Tuesday, driven by weak personal income, inflation and auto sales data out of the U.S.
Shares of Fitbit Inc (NYSE: FIT), which were down 3.87 percent during the regular session, rose more than 6 percent in after-hours trading, driven by the announcement of the company’s Q2 results. EPS of $0.12, beating the Street’s consensus by $0.01, while revenue of $586.5 million came in ahead of estimates of $578 million to $580 million. This marks the fifth consecutive quarter where the company managed to outperform top and bottom line expectations.
Electronic Arts Inc. (NASDAQ: EA) slipped 1.65 percent after the bell rang, after guidance fell short of expectations. While EPS of $0.07 and revenue of $682 million beat the Street’s consensus by $0.09 and $31.34 million, guidance for the ongoing quarter was disappointing. Management said it expects a net loss of ($0.17) per share on revenue of $915 million, below analysts’ consensus of $0.62 and $1.11 billion.
Tableau Software Inc (NYSE: DATA) dropped 3.35 percent after the bell rang. Even though revenue of $198.53 million, up 32.5 percent year-over-year, beat the Street’s consensus by $4.78 million, EPS of $0.00 missed expectations by $0.05.
Sturm, Ruger & Company (NYSE: RGR) gained about 1 percent after-hours,ahead of the announcement of the company’s quarterly financial results.
Etsy Inc (NASDAQ: ETSY) was up 5.1 percent even though a second quarter net loss of ($0.06) per share was larger than the anticipated ($0.01) per share. Revenue of $85.35 million implied a 39.1 percent year-over-year increase, and a $4.8 million beat in relation to analyst expectations. Management also raised guidance for full year revenue growth to 25-28 percent, up from 20-25 percent.
Biogen Inc (NASDAQ: BIIB) was up slightly driven by takeover speculation. The Wall Street Journal reported both Merck & Co., Inc. (NYSE: MRK) and Allergan plc Ordinary Shares (NYSE: AGN) were assessing the possibility.
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