Check out the companies making headlines in extended trading. Mercury Systems — Shares of the technology company fell nearly 12% after missing Wall Street estimates in the fiscal second quarter. Mercury reported an adjusted loss of 42 cents per share on revenue of $197 million, while analysts polled by FactSet expected it to earn 7 cents per share on revenue of $213 million. Viasat — Shares in the communications firm gained more than 5% after Viasat surpassed Wall Street estimates for revenue in the third quarter. The company notched revenue of $1.13 billion while analysts polled by FactSet forecast $1.11 billion. The company’s adjusted earnings per share were below analyst estimates. Snap — Shares plummeted more than 30% after Snap missed analyst estimates for fourth-quarter revenue, reporting $1.36 billion while analysts polled by LSEG, formerly known as Refinitiv, forecast $1.38 billion. The company beat forecasts for fourth-quarter active users, but fell short on average revenue per user. VF Corp . — Shares of the apparel and footwear company pulled back more than 6% after missing fiscal third-quarter estimates. VF said it earned 57 cents per share, after adjustments, on $2.96 billion in revenue. Analysts polled by LSEG expected the company to earn 77 cents per share on revenue of $3.24 billion. Gilead Sciences — Stock in the biopharmaceutical company slipped more than 2% after fourth-quarter adjusted earnings of $1.72 per share missed estimates from analysts polled by LSEG, which called for a profit of $1.76 per share. Revenue of $7.12 billion was in line with estimates. Chipotle — Shares added nearly 3% after beating Wall Street estimates on the top and bottom lines in the fourth quarter. Chipotle earned $10.36 per share, excluding items, on revenue of $2.52 billion, while analysts polled by LSEG forecast a profit of $9.75 per share and revenue of $2.49 billion. Ford — Stock in the legacy automaker climbed about 7% after Ford beat Wall Street estimates in the fourth quarter and issued stronger-than-expected full-year guidance. The company also announced plans to issue a special dividend of 18 cents per share. Disney , Warner Bros. Discovery , Fox Corp . — Shares of Fox and Warner Bros. Discovery were higher following news that the firms would partner with ESPN to launch a sports streaming service later this year. Shares of ESPN parent Disney pulled back more than 1%, while Warner Bros. stock climbed nearly 3% and Fox added nearly 4%.
FOLLOW US ON GOOGLE NEWS
Read original article here
Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email –
swifttelecast.com. The content will be deleted within 24 hours.
