Stocks making the biggest moves after hours: First Solar, Dropbox, Fitbit and more

Finance

A contractor for First Solar Inc. works on construction of the Tenaska Imperial Solar Energy Center South project in Imperial County, California.

Sam Hodgson | Bloomberg | Getty Images

Check out the companies making headlines after the bell:

Dropbox — Shares of the data services company soared 13% during extended trading after the company announced strong fourth-quarter financial results. The company beat earnings expectations during the quarter by 3 cents per share and the $446 million in revenue exceeded the $443 million that analysts expected, according to Refinitiv. During the surge, shares briefly exceeded $21 per share, the price at which it sold shares in its initial public offering.

Fitbit — Shares of the wearable health device company dropped 1% during extended trading after the company missed analyst expectations on the top and bottom line for fourth-quarter financial results. Fitbit reported a loss of 12 cents per share excluding some items on revenues of $502 million, while analysts were expecting earnings of 3 cents per share on revenue of $523 million.

First Solar — Shares of the solar energy company tanked nearly 15% during extended trading after the company announced poor financial results for the fourth quarter and fiscal year. First Solar reported fourth-quarter revenue of $1.40 billion while analysts had expected $1.75 billion, according to Refinitiv. The company also provided adjusted fiscal year 2019 earnings of $1.48 per share, which was well below the earnings of $2.13 per share that analysts expected, according to Refinitiv.

Cabot Oil & Gas — The oil and gas company’s shares slipped about 4% during extended trading after the company released fourth-quarter financial results. Cabot reported earnings of 30 cents per share excluding some items on revenue of $461.4 million. Earnings matched expectations, though analysts had expected revenue of $477.7 million, according to FactSet.

Sprint — Shares of the telecommunications provider climbed 5% during extended trading after news broke about the latest T-Mobile merger developments. The two companies have agreed to amend their merger deal agreement to give Deutsche Telekom a slightly higher ownership stake in the new combined company. T-Mobile said Thursday it plans to close the merger by April 1. Shares of T-Mobile were down about 1% after hours.

Sprouts Farmers Markets — The health grocery store operator’s stock jumped 6% after the company reported fourth-quarter earnings that beat expectations. Sprouts reported earnings of 27 cents per share while analysts had expected earnings of 14 cents per share, according to Refinitiv. Revenues were in-line with analyst estimates.

Texas Roadhouse — The restaurant chain’s stock climbed 7% after the company beat on the top and bottom line in the fourth quarter. The company reported earnings of 61 cents per share on revenue of $725 million during the quarter, while analysts had expected earnings of 52 cents per share on revenue of $714 million, according to Refinitiv.

CNBC’s Jordan Novet and Alex Sherman contributed to this article.

Articles You May Like

Surprising Strengths In All Economic Areas Undergird GDP Growth
Jack Dorsey’s payments company Block expands corporate card service to the UK
Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance
$2 billion marina development aims to turn Fort Lauderdale into ‘mini Monaco’
This is ‘the biggest difference’ in today’s housing market, according to hosts of ‘Property Brothers’

Leave a Reply

Your email address will not be published. Required fields are marked *