Home BusinessFinance Stocks making the biggest moves after hours: Twitter, Lyft, Enphase Energy and more

Stocks making the biggest moves after hours: Twitter, Lyft, Enphase Energy and more

Twitter locks Chinese embassy's account over tweet about Uighur women

The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California.

Mike Blake | Reuters

Check out the companies making headlines after the bell on Tuesday:

Twitter — The social media company’s shares were up 1% after-hours on better-than-expected results for the fourth quarter. Twitter earned 38 cents a share on $1.29 billion in revenue. Refinitiv analysts expected earnings of 31 cents per share on revenue of $1.19 billion. Twitter added it expects revenue to grow faster than expenses in 2021.

Lyft — Lyft shares rose 6% in extended trading after the company reported fourth-quarter results that topped analysts expectations. The company lost 58 cents per share on revenue of $570 million. Analysts expected a loss of 72 cents per share on revenue of $563 million, according to Refinitiv. Ridership did not meet analyst forecasts, however, with the company reporting 12.5 million active riders, and analysts expecting 13.2 million. The ridesharing company says that a surge in coronavirus cases and efforts to reduce transmissions have slowed the service. However, CFO Brian Roberts said in a statement that Lyft expects “a growth inflection beginning in the second quarter that strengthens in the second half of the year.”

Enphase Energy – Shares of the microinverter company jumped more than 6% on the back of Enphase’s fourth-quarter results. The company reported revenue of $264.8 million, while analysts surveyed by FactSet were looking for $254.5 million. The company added it expects first-quarter revenue to range between $280 million and $300 million. The Street consensus had been for $261.9 million, according to FactSet.

Cisco Systems — Shares of the technology company fell 3% in after hours trading even after the release of top and bottom-line results that beat analyst expectations. Cisco earnings 79 cents per share in the previous quarter, topping a Refinitiv estimate by 3 cents. Revenue came in at $11.96 billion, higher than a forecast of $11.92 billion. Cisco also announced it is raising its dividend to 3%.

Mattel — The toymaker’s stock rose 1% after Mattel reported strong quarterly numbers. Mattel posted earnings of 40 cents per share on revenue of $1.63 billion. Wall Street expected earnings of 23 cents on revenue of $1.58 billion, according to Refinitiv.

Yelp — Yelp shares rose by 5% in extended trading after its quarterly earnings and revenue beat analyst expectations. The company earned 27 cents per share, while analysts expected a small loss, according to Refinitiv. Yelp hauled in $233 million in revenue, higher than the forecast $228 million.

— with reporting from CNBC’s Rich Mendez and Pippa Stevens.

This article is auto-generated by Algorithm Source: www.cnbc.com

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