The Twitter logo will be displayed on a smartphone screen on April 14, 2021.
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Check out the companies that are making headlines after the bell:
Twitter – Twitter stocks rose more than 4% after a strong quarterly earnings report after hours. The social media company reported earnings of 20 cents per share, according to Refinitiv, beating analysts’ estimates of 7 cents per share. Twitter’s revenue increased 74% year over year in the second quarter, marking the company’s fastest growth since 2014.
Snap – Snap shares rose more than 13% in extended trading after social media platform earnings beat expectations across the board in the second quarter. 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, nearly 5% more than the 280 million the company reported in April.
Intel – Intel stocks fell 3% after hours despite the company’s better-than-expected earnings report for the second quarter. The tech company reported adjusted earnings of $ 1.28 per share on adjusted sales of $ 18.5 billion. Wall Street expected earnings of $ 1.06 per share on sales of $ 17.8 billion, according to Refinitiv. According to Intel, PC sales rose 33% last year.
Boston Beer – Boston Beer shares fell more than 16% in expanded trading after the company missed Wall Street forecasts for both second quarter and sales. The brewery reported earnings of $ 4.75 per share on sales of $ 603 million. According to Refinitiv, analysts expected earnings of $ 6.69 per share and sales of $ 658 million.
Skechers – Skechers shares rose roughly 7% after the shoe company reported sales of $ 1.66 billion in the last quarter, beating analysts’ forecasts of $ 1.5 billion. Skechers also issued strong earnings and sales forecasts for the third quarter and full year.