Stocks making the biggest moves after hours: Microsoft, First Solar, FireEye & more

Kevin Mandia, CEO, FireEye 

Scott Mlyn | CNBC

Check out the companies making headlines midday after hours on Tuesday:

Microsoft — Microsoft shares whipsawed after the tech giant reported better-than-expected results for the previous quarter. The company posted an adjusted profit of $1.82 per share on revenue of $37.15 billion. Analysts expected earnings per share of $1.54 on revenue of $35.72 billion. Microsoft’s cloud segment saw its revenue expand by 20% on a year-over-year basis.

First Solar — Shares of the solar-panel maker popped more than 16% after the company posted quarterly earnings that beat analyst expectations. First Solar posted earnings per share of $1.45 on revenue of $928 million. Analysts expected earnings of 61 cents per share on sales of $688 million, according to Refinitiv. The company also issued better-than-expected earnings guidance for the fourth quarter.

FireEye — FireEye gained more than 4%, boosted by better-than-expected third-quarter results. The cybersecurity company posted a profit of 11 cents per share on revenue of $238 million. Analysts polled by Refinitiv had forecast earnings per share of 7 cents on revenue of $228 million. Sales from its product, subscription and support services were better than expected.

Chubb — Shares of the insurance giant climbed 2% on the back of third-quarter revenue that beat analyst expectations. The company said its revenue for the quarter came in at $8.47 billion, topping a Refinitiv estimate of $8.16 billion.  Chubb’s earnings per share, however, fell short of estimates.

Juniper Networks — Juniper Networks saw its stock rise more than 3% after the networking technology company released its results for the third quarter. Juniper’s earnings per share came in at 43 cents, matching a FactSet estimate. Product and service revenues were also above analyst expectations.

Speak Your Mind

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get in Touch

350FansLike
100FollowersFollow
281FollowersFollow
150FollowersFollow

Recommend for You

Oh hi there 👋
It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

We don’t spam! Read our privacy policy for more info.

You might also like

Florida’s Longboat Key Attracts Five-Star Luxury Development

Longboat Key is only 15 minutes from Sarasota ...

Border Patrol Arrests Increase In September Amid Push To...

Topline Migrant arrests on the U.S.-Mexico border reached their highest level in more than...

Pioneer India launches 3 car audio video receivers with...

New Delhi: Pioneer, one of the leading brands in-car infotainment, has launched 3 car...

‘You Do Not Have To Fit Into Whatever Box...

COLUMBUS, OH - OCTOBER 10: Columbus Crew SC Investor...