Shares Making The Largest Strikes After Hours: Microsoft, First Photo voltaic, FireEye & Extra
Kevin Mandia, FireEye CEO
Scott Mlyn | CNBC
Check out the companies that hit the headlines on Tuesday afternoon:
Microsoft – Microsoft stocks lashed after the tech giant reported better-than-expected results for the previous quarter. The company had adjusted earnings of $ 1.82 per share on sales of $ 37.15 billion. Analysts were expecting earnings per share of $ 1.54 on sales of $ 35.72 billion. In Microsoft's cloud segment, sales increased by 20% compared to the previous year.
First Solar – The solar module maker's shares rose more than 16% after the company posted quarterly results that exceeded analysts' expectations. First Solar had earnings per share of $ 1.45 on sales of $ 928 million. According to Refinitiv, analysts expect earnings of 61 cents per share on sales of 688 million US dollars. The company also issued a better-than-expected earnings forecast for the fourth quarter.
FireEye – FireEye gained more than 4% on better than expected third quarter results. The cybersecurity company had earnings of 11 cents per share on sales of $ 238 million. Analysts polled by Refinitiv had forecast earnings per share of 7 cents on sales of 228 million US dollars. Revenue from product, subscription and support services was better than expected.
Chubb – The insurance giant's stocks rose 2% on third-quarter sales that beat analysts' expectations. The company announced that its quarterly revenue was $ 8.47 billion, beating a refinitive estimate of $ 8.16 billion. Chubb's earnings per share, however, fell short of estimates.
Juniper Networks – Juniper Networks' shares rose more than 3% after the network technology company released its third quarter results. Juniper's earnings per share were 43 cents, which is a FactSet estimate. Product and service revenues also exceeded analysts' expectations.