After-hours buzz: YELP, NVDA, FOSL, & more
Check out which companies are making headlines after the bell on Tuesday:
Yelp (NYSE: YELP) shares tanked more than 25 percent during after-hours trading following its first-quarter financial report. Despite a narrower-than-expected loss, the company reported weak full-year and second-quarter guidance. Yelp had forecast its second-quarter revenue to be between $202 million and $206 million, while analysts had expected $215 million. The company also said it expects its full-year 2017 guidance revenue to be between $850 million and $865 million, compared with the Street's expectations for $889 million, according to Thomson Reuters consensus estimates.
Shares of NVIDIA (NASDAQ: NVDA) surged 11 percent during extended trading after an earnings and revenue beat for its first quarter. The semiconductor chip company reported earnings of 79 cents a share on revenue of $1.94 billion, while Wall Street expected earnings of 66 cents a share on revenue of $1.91 billion. The company also reported strong second-quarter revenue guidance, forecasting $1.95 billion, compared with analysts' expectations of $1.91 billion, according to Thomson Reuters consensus estimates.
Fossil (NASDAQ: FOSL) shares tanked more than 17 percent during extended hours after reporting a greater-than-expected loss and miss on revenue. The designer company reported losses of 65 cents per share on revenue of $581.8 million, while Wall Street's estimates were losses of 34 cents a share on revenue of $591 million, according to Thomson Reuters consensus estimates. The company also reported weak second-quarter and full-year figures for revenue and earnings per share.
Priceline (NASDAQ: PCLN) shares dipped more than 3 percent during after-hours trading following a slight revenue miss and weak guidance for the second quarter. The travel and restaurant services provider reported earnings of $9.88 a share on revenue of $2.42 billion, while analysts expected earnings of $8.89 a share on revenue of $2.45 billion. The company forecasts its second-quarter earnings to fall in the range of $12.55 a share to $13.25 a share, while Wall Street projected earnings of $15.02, according to Thomson Reuters consensus estimates.
Shares of Disney (NYSE: DIS) slipped more than 2 percent during extended trading after a revenue miss and disappointing operating income for its cable network business. The media company reported earnings of $1.50 a share on revenue of $13.34 billion while analysts expected earnings of $1.41 a share on revenue of $13.45 billion, according to Thomson Reuters consensus estimates. Disney's cable business reported an operating income of $1.79 billion, yet the Street expected $1.85 billion, according to StreetAccount consensus estimates.
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