After-hours buzz: SQ, GILD, HLF & more
Check out which companies are making headlines after the bell on Tuesday:
Square saw its stock jump more than 4 percent after the company reported results. The payments company posted a loss of 9 cents per share, versus analysts' estimates of a loss of 11 cents per share.
It also reported revenues of $439 million, beating estimates of $431 million. Gross payment volume was $1 billion better than expected. The company also raised its guidance for full-year 2017, now expecting revenues of $677 million to $680 million.
Shares of Gilead Sciences fell slightly in choppy trade after the bell. The company reported adjusted quarterly earnings of $2.75 per share, which missed Wall Street expectations of $2.86 a share.
Gilead barely beat on revenues, reporting $7.50 billion compared with estimates of $7.45 billion. It's Hepatitis C drug sales missed expectations, as it saw revenues of $3.33 billion, versus analysts' estimates of closer to $3.7 billion.
Herbalife shares fell more than 1 percent in extended trade Tuesday after the company reported earnings and announced a transition at the CEO position. Current Chairman and CEO Michael Johnson will become the company's executive chairman, effective June 1, 2017. At that time, Chief Operating Officer Richard Goudis will succeed Johnson as CEO of the company.
The company reported adjusted quarterly earnings of $1.21 per share, beating estimates of $1.09 a share. It also reported revenues of $1.12 billion, which is about in line with analysts' estimates.
Shares of Electronic Arts rose more than 2 percent after the company reported earnings. The video game company posted revenues of $1.1 billion, narrowly beating estimates of $1.09 billion. It reported a GAAP loss of 13 cents per share, which is not comparable to non-GAAP estimates of 43 cents a share. The company also raised its revenue guidance for 2017, but that came in below analysts' estimates.
Tableau shares were down more than 12 percent after the bell, following its mixed earnings report. The computer software company posted adjusted earnings of 16 cents per share that beat estimates of 7 cents a share. It posted revenues of $206 million, missing analysts' estimates of $214 million.
The board authorized a stock repurchase of up to $200 million in common stock. It said the company's results were affected by extended sales cycles on large deals in the U.S. and softness in Europe, the Middle East and Africa.
Zillow's stock fell slightly after choppy trade, following an earnings beat. The company reported adjusted quarterly earnings of 17 cents per share, versus estimates of 13 cents a share. Zillow posted revenues of $225 million, beating estimates of $221 million.