After-Hours Movers: 7 Stocks Shaken By Earnings

After a tough start to the week, markets closed up on Wednesday, helped by a rebound in crude oil prices and energy stocks, and stronger-than-expected labor market data out of the U.S.

Shares of Tesla Motors Inc TSLA were very volatile during the first hour after the bell rang, but then settled around $227.50, up about 0.75 percent. The automaker posted an adjusted Q2 net loss of ($1.06) per share, larger than consensus estimates, which called for a loss of ($0.52) per share. Revenues of $1.56 billion also came in short of expectations for $1.62 billion. On the other hand, 14,402 deliveries beat estimates of 14,307 units. For the second half of the year, management reiterated its target for 50,000 deliveries.

On the other hand, Tripadvisor Inc TRIP plummeted 7.75 percent following its earnings report. Second quarter EPS of $0.38 and revenue of $391 million missed expectations by $0.04 and $11.56 million, respectively.

Back to gainers, we’ve got First Solar, Inc. FSLR, which was up 0.75 percent in after-hours trading, driven by a top and bottom line beat. Q2 EPS of $0.87 came in $0.32 ahead of expectations, while revenue of $934.38 million, up 4.3 percent year-over-year, beat the Street’s consensus by $71.7 million. For the full year, management said it expects sales between $3.8 billion and $4 billion, in line with the previously provided guidance. However, the gross profit forecast was boosted slightly at the low end, from 18-19 percent to 18.5-19 percent. Opposite was the case for the operating income outlook, which was cut to $205 million-$250 million, down from $300 million-$370 million. Having said this, management added that non-GAAP operating income is envisioned in the $310 million to $370 million range.

Other stocks moving on their earnings reports included:

• Herbalife Ltd. HLF, up almost 3 percent on a top and bottom line beat and raised guidance.
• Transocean LTD RIG, up roughly 1.9 percent on a double beat, despite the downturn in the oil industry.
• Jack in the Box Inc. JACK, up 7.4 percent after beating top and bottom line  expectations.
• Marathon Oil Corporation MRO, down 0.9 percent even though results came in ahead of analysts’ expectations.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.