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Snap, eBay, Texas Instruments and more

A monitor displays Snap Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York.

FINANCE NEWS

Snap, eBay, Texas Instruments and more


Check out the companies making headlines after the bell:

Shares of Snap soared as much as 10%, before paring gains to trade just 1% up, in extended trading Tuesday following the release of the company’s strong first-quarter earnings. Snap, the maker of Snapchat, reported a 10 cent loss per share, compared to the estimated loss of 12 cents per share. Revenue was $320 million, topping estimates of $307 million, according to Refinitiv. Revenue grew 39%, outpacing last quarter’s 36% growth. The company sited improvements to its ad tools for its better-than-expected revenue growth.

Snap’s global daily active users came in at 190 million, topping estimates of 187.22 million. Average revenue per user was $1.68, slightly higher than the $1.62 forecast by analysts.

Shares of eBay rose 5% after hours Tuesday after reporting first-quarter earnings. Beating on the top and bottom lines, the e-commerce company posted earnings per share of 67 cents on revenue of $2.64 billion. Wall Street expected earnings per share of 63 cents on revenue of $2.58 billion, according to Refinitiv.

Gross merchandise value came in below estimates at $22.59 billion. Analysts expected $23.25 billion.

Kraft Heinz shares ticked lower after market close Tuesday after CNBC reported the company is weighing the sale of its Ore-Ida frozen potato business. The business could yield a valuation of $1.5 to $2 billion.

Texas Instruments shares fell more than 2%, after initially jumping more than 4%, after the bell Tuesday based on the semiconductors company’s better-than-expected first-quarter earnings. Texas Instruments earned $3.59 billion in revenue, beating the forecast $3.48 billion. Earnings per share were $1.26, higher than the $1.13 analysts predicted.

Texas Instruments estimates second quarter earnings per share of between $1.12 and $1.32 and revenue between $3.46 billion and $3.74 billion.

Shares of Hawaiian Holdings fell slightly in after hours trade Tuesday after reporting strong first-quarter earnings. The parent company of Hawaiian Airlines reported earnings per share of 67 cents, higher than the estimated 64 cents according to Refinitiv. Revenue was $657 million, compared to the $656 million forecast by analysts.

Shares of iRobot tanked 16% in extended trading Tuesday after missing on revenue for the first-quarter. The maker of robot vacuum Roomba earned $237.7 million in revenue, compared to the $251.4 million forecast by analysts. Earnings per share came in at 78 cents, topping estimates of 60 cents per share per Refinitiv.

Six Flags shares popped as much as 3% before paring gains in extended trading Tuesday following the release of the theme park company’s first-quarter earnings beat. Six Flags reported a loss of 82 cents per share on revenues of $128.2 million. Analysts had expected a loss per share of 86 cents on revenues of $123.6 million, according to Refinitiv.

Six Flags saw a 8% decrease in the number of guests for the first-quarter. The company’s CEO told CNBC’s Closing Bell the decrease was due to the Easter holiday shifting out of the first-quarter.



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