it was a beat - yes - but eps guidance and revs for guidance was lower than the street's revs and eps guidance - that is the issue with it.
i've seen this happen before with ffiv - something similar anyway regarding when it has reported - i saw it last year for example, sell off in after hours to $110 from $130 during the day (before it reported that day in ah) - due to something bad people saw in their earnings - then the next day, when the markets were open, it went back up to $130 - and then sold off again after that - on that same day or the next day - back to $120 - and continued going lower from there in the weeks that followed.
it's such a highly volatile stock on earnings - or can be at times anyway - so, today, it had been at $97 area in AH - so, up by $11 and now it is up by only $2 and change to $89 area - so, it is even hard to know what it will do tomorrow during normal trading hours.
it's at times, one of the worst stocks to trade with earnings as it can be up a lot and then down a lot - on the same freaking earnings lol. it's crazy!!!