Stocks making the biggest moves after hours: Netflix, Snap, Texas Instruments & more

Check out the companies making headlines after hours Tuesday.

Netflix — shares slipped more than 6% after the company missed estimates for the third quarter. The streaming giant earned $1.74 per share compared with the $2.14 expected by analysts polled by Refinitiv. Revenue came in at $6.44 billion, which was ahead of the $6.38 billion expected. The company also missed estimates on the all-important subscriber additions. The company said its global paid net subscriber additions hit 2.2 million, compared with the expected 3.57 million, according to estimates from FactSet.

Parsley Energy — shares of the oil and gas company slid 2% after the company said it had agreed to be acquired by Pioneer Natural Resources in an all-stock transaction valued around $4.5 billion. Under the terms of the deal, Parsley shareholders will receive 0.1252 shares of Pioneer stock per share of Parsley stock owned.

Snap — shares of the social media company jumped more than 20% after Snap reported a surprise earnings beat for the third quarter. The company reported earnings of one cent per share on an adjusted basis, which was ahead of the 5-cent loss expected by analysts surveyed by Refinitiv. Revenue came in at $679 million, which exceeded expectations of $555.9 million. Snap said it had 249 million daily active users during the quarter, ahead of the 244.12 million expected by analysts polled by FactSet.

Texas Instruments — shares of the company rose more than 1% after the semiconductor name beat top- and bottom-line estimates during the third quarter. The company earned $1.45 per share on revenue of $3.82 billion. Analysts surveyed by Refinitiv expected earnings of $1.28 per share and $3.45 billion in revenue.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Products You May Like

Articles You May Like

Cigarette Taxes and Cigarette Smuggling by State, 2018
If you want to be successful, adopt these 5 traits of above average people like Jeff Bezos and Bill Gates
Home prices see biggest spike in 6 years in September, according to S&P Case Shiller
14 million workers face losing unemployment benefits at the end of December
5 steps business owners can take to trim their 2020 taxes

Leave a Reply

Your email address will not be published. Required fields are marked *