Shares Making the Largest Strikes by the Hour: Qualcomm, Match Group, Expedia & Extra
Attendees walk past the Qualcomm booth during CES 2019 at the Las Vegas Convention Center on January 9, 2019 in Las Vegas, Nevada.
Justin Sullivan | Getty Images
Check out the companies that hit the headlines on Wednesday after the bell:
Qualcomm – Qualcomm stock rose more than 13% after close of trading, driven by better-than-expected quarterly results. The chip maker reported earnings per share of $ 1.45 on sales of $ 6.5 billion. Analysts polled by Refinitiv expected earnings of $ 1.17 per share on sales of $ 5.94 billion. Qualcomm also released an earnings and revenue forecast for the current quarter that was better than forecast.
Match Group – The parent company of dating services Tinder and Hinge posted third-quarter revenue that exceeded analysts’ expectations, with the stock gaining 2.7% in after-hours trading. Match reported sales of $ 640 million per share, beating a refinitive estimate of $ 605 million.
Expedia – Expedia stock fell 5.5% after the bell after the travel booking giant reported a lower-than-expected loss for the previous quarter and revenue higher than forecast. The company said it lost 22 cents a share and had sales of $ 1.5 billion. Analysts had expected a loss of 79 cents per share on sales of 1.38 billion US dollars.
GoDaddy – GoDaddy’s shares rose 2.8% after the website’s domain company posted third-quarter revenue that exceeded analysts’ expectations. GoDaddy reported sales of $ 844 million, while analysts polled by Refinitiv expected pressures of $ 835 million. Hosting and domain income also exceeded analysts’ estimates.
Ping Identity – Ping Identity reported adjusted earnings per share of 11 cents, beating a FactSet estimate of 2 cents per share. However, the cybersecurity company’s stock fell more than 9% after the close of trading.