The Twitter app loads on an iPhone in this illustration photo that was taken in Los Angeles, California.
Mike Blake | Reuters
Check out the companies that hit the headlines on Thursday after the bell:
Twitter – The social media giant’s shares fell 9.4% after the company’s first quarter results showed it fell short of user growth expectations. Twitter reported 199 million monetizable daily users, and analysts surveyed by FactSet expected 200 million.
Amazon – The e-commerce titan stock rose 3.3% after the company released first-quarter results that slightly exceeded analysts’ expectations. Amazon had earnings per share of $ 15.79 on sales of $ 108.52 billion. Analysts polled by Refinitiv forecast earnings per share of $ 9.54 on sales of $ 104.47 billion. In Amazon’s cloud computing division, revenue increased 32% year over year.
Gilead Sciences – Gilead shares fell 2.7% after the biotech company reported disappointing first quarter results. The company had earnings of $ 2.08 per share on sales of $ 6.42 billion. Analysts polled by Refinitiv expected earnings per share of $ 2.09 on sales of $ 6.75 billion.
Western Digital – The computer company’s stock fell 5.4% after the company released third-quarter results that beat analysts’ forecasts. The company had earnings per share of $ 1.02 on sales of $ 4.14 billion. Analysts polled by Refinitiv forecast earnings per share of 68 cents on sales of $ 3.97 billion.
Skyworks Solutions – Skyworks stock fell 6.8% even after the chipmaker posted better-than-expected results in the second quarter. The company had earnings per share of $ 2.37 on sales of $ 1.17 billion. Analysts surveyed by Refinitiv expected earnings per share of $ 2.35 on sales of $ 1.15 billion.
US Steel – The steelmaker’s stocks were down 2.1% after the company posted mixed results in the first quarter. The company reported earnings per share of $ 1.08, beating a refinitive estimate of 91 cents per share. However, US Steel sales of $ 3.66 billion were slightly below the forecast of $ 3.68 billion.
Cirrus Logic – The semiconductor company’s stock fell 11.4% on disappointing numbers for the fourth quarter of the fiscal year. Cirrus achieved earnings per share of 66 cents on sales of $ 293.5 million. Analysts polled by Refinitiv expected earnings per share of 71 cents on sales of $ 302.5 million.