Twitter, Lyft, Enphase Energy and more
The Twitter app is loading onto an iPhone in this illustration photo that was taken in Los Angeles, California.
Mike Blake | Reuters
Check out the companies making headlines on Tuesday after the bell:
Twitter – The social media company’s stocks rose 1% after the close of business compared to better-than-expected fourth quarter results. Twitter made 38 cents per share on sales of $ 1.29 billion. Refinitiv analysts expect earnings of 31 cents per share on sales of 1.19 billion US dollars. Twitter expects revenue to grow faster than spending in 2021.
Lyft – Lyft shares rose 6% in expanded trading after the company reported fourth quarter results that beat analysts’ expectations. The company lost 58 cents a share on sales of $ 570 million. According to Refinitiv, analysts expected a loss of 72 cents per share on sales of 563 million US dollars. However, the driver numbers did not match the analysts’ forecasts. The company reported 12.5 million active drivers and analysts expected 13.2 million. The ride-sharing agency says a surge in coronavirus cases and efforts to reduce transfers have slowed service. However, CFO Brian Roberts said in a statement that Lyft “expects growth to slow from the second quarter and intensify in the second half of the year.”
Enphase Energy – The shares of the micro-inverter company rose more than 6% on the back of Enphase’s fourth quarter results. The company had sales of $ 264.8 million, while the analysts surveyed by FactSet searched for $ 254.5 million. The company expects first quarter revenues between $ 280 million and $ 300 million. The street consensus was $ 261.9 million, according to FactSet.
Cisco Systems – The tech company’s shares fell 3% after the close of trading, even after posting top and bottom line results that exceeded analysts’ expectations. Cisco achieved a profit of 79 cents per share in the previous quarter and exceeded the refinitive estimate by 3 cents. Revenue of $ 11.96 billion was above the forecast of $ 11.92 billion. Cisco also announced that it would increase the dividend to 3%.
Mattel – The toy maker’s stock rose 1% after Mattel reported strong quarterly results. Mattel had earnings of 40 cents per share on sales of $ 1.63 billion. Wall Street expects a profit of 23 cents on sales of $ 1.58 billion, according to Refinitiv.
Yelp – Yelp stock rose 5% in expanded trading after quarterly earnings and revenue surpassed analysts’ expectations. The company earned 27 cents a share, while analysts were expecting a small loss, according to Refinitiv. Yelp had sales of $ 233 million, up from the forecast of $ 228 million.
– with reports from Rich Mendez and Pippa Stevens of CNBC.