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The Twitter logo is displayed on a smartphone screen on April 14, 2021.
NurPhoto | NurPhoto | Getty Images
Find out which companies are hitting the headlines after the bell:
Twitter – Shares of Twitter jumped more than 4% after office hours following a strong quarterly earnings report. The social media company reported earnings of 20 cents per share, beating analysts’ estimates of 7 cents per share, according to Refinitiv. Twitter revenue grew 74% year-over-year in the second quarter, marking the company’s fastest growth since 2014.
Snap – Snap shares climbed more than 13% in extended trading after the social media platform’s second-quarter earnings beat expectations across the board. The company posted adjusted earnings of 10 cents per share, while analysts expected a loss of 1 cent per share, according to Refnitiv. The platform also reported 293 million daily active users, up almost 5% from the 280 million reported by the company in April.
Intel – Intel shares fell 3% after-hours despite the company’s better-than-expected second quarter earnings report. The tech company reported adjusted earnings of $ 1.28 per share on adjusted earnings of $ 18.5 billion. Wall Street expected earnings of $ 1.06 per share on revenue of $ 17.8 billion, according to Refinitiv. Intel said sales of PC units increased 33% in the past year.
Boston Beer – Boston Beer shares fell more than 16% in extended trading after the company missed Wall Street projections for second quarter earnings and earnings. The brewery reported earnings of $ 4.75 per share on revenue of $ 603 million. Analysts expected earnings of $ 6.69 per share and revenue of $ 658 million, according to Refinitiv.
Skechers – Skechers shares rose about 7% after the shoe company reported revenue of $ 1.66 billion for the most recent quarter, beating analysts’ forecasts by 1.5 billion of dollars. Skechers also released strong profit and revenue guidance for the third quarter and full year.
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