Stocks to Watch: CHK, HLF & More
Check out which companies are making headlines after-the-bell Tuesday:
Broadcom - The chipmaker posted quarterly results that topped expectations, reporting earnings of 65 cents a share, excluding items, on revenue of $1.83 billion. Wall Street expected the company to report a profit of 55 cents a share on sales of $1.80 billion. Shares moved between small gains and losses in extended-hours trading. (Click for after-hours quotes.)
CBS - The media giant beat expectations, posting a profit of 54 cents a share on revenue of $3.92 billion. Analysts expected the firm to hand in earnings of 44 cents a share on sales of $3.78 billion. Shares rose in after-hours trading. (Click for after-hours quotes.)
Chesapeake - The energy company reported quarterly results that missed Wall Street expectations, posting earnings of 18 cents a share, ex-items, on sales of $2.4 billion. Analysts projected the firm to post a profit of 29 cents a share, on revenue of $2.75 billion. Shares declined in after-hours trading, giving back strong gains from the regular session. (Click for after-hours quotes.)
Earlier, the company announced it would replace CEO and founder Aubrey McClendon with a non-executive chairman in the near future and will also end a controversial program a year-and-a-half before the program was scheduled to close.
Tripadvisor - The travel website posted earnings that beat expectations. The firm posted a profit of 35 cents a share, ex-items, on revenue of $184 million. Wall Street expected the company to hand in earnings of 34 cents a share on sales of $174 million. Shares surged sharply in after-hours trading. (Click for after-hours quotes.)
Opentable - The restaurant reservation website posted better-than-expected earnings, but missed revenue estimates. The firm also handed in a weak outlook for the quarter and full-year, pushing shares sharply lower in extended-hours trading. (Click for after-hours quotes.)
True Religion Apparel - The high-end denim maker posted quarterly results that beat expectations, thanks to strong same-store sales in its U.S. retail stores. The company also initiated a quarterly dividend of 20 cents a share and approved a $30 million stock repurchase program. The stock soared in extended-hours trading. (Click for after-hours quotes.)
Herbalife - The global nutrition company responded to its stock plunge following comments from short-seller David Einhorn.
"Einhorn's questions raised no new subjects or concerns," the company said in a press release. "Our business fundamentals are very strong and we are confident in our financials, our disclosures, and our network marketing business method...We believe the drop in Herbalife’s stock price today is a buying opportunity given the strong business fundamentals and our outlook for ongoing success."
Shares edged up in extended-hours trading, following a 20 percent drop during the regular session. (Click for after-hours quotes.)
Motorola Mobility - The handset maker posted earnings that disappointed but revenue topped estimates. The firm posted a loss of 3 cents a share, excluding one-time items, on revenue of $3.08 billion. Analysts expected the company to post earnings of 1 cent a share, on sales of $2.96 billion. Shares of the firm were unchanged in extended-hours trading. (Click for after-hours quotes.)
Genworth Financial - The mortgage guarantor and life insurer announced that its Chairman and CEO Michael Fraizer will be resigning from his post. (Click for after-hours quotes.)
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