Microsoft CEO Satya Nadella speaking at Microsoft Developer Day in Singapore on May 27, 2016.
Charles Pertwee | Bloomberg | beautiful pictures
Check out the companies that make headlines after Tuesday’s bell:
Texas Instruments – Shares of the semiconductor company rose more than 4% on better-than-expected quarterly revenue numbers. Texas Instruments reported fourth-quarter revenue of $4.83 billion, topping Refinitiv’s estimate of $4.43 billion. The company also issued strong earnings and revenue guidance for the current quarter.
Microsoft – Microsoft stock fell about 5% even after The tech giant posted better-than-expected results for the previous quarter. The company reported profit of $2.48 per share on revenue of $51.73 billion. Analysts expected earnings per share of $2.31 on revenue of $50.88 billion.
F5 – F5 stock fell more than 13% after the company issued current quarter revenue guidance that was much lower than expected. F5 said it saw revenue for the second fiscal quarter between $610 million and $650 million. According to StreetAccount, analysts expect the figure to bring in about $693 million. F5 cited supply chain constraints for the disappointing forecast. The company also cut its estimate for full-year revenue growth.
Directional – Shares of student loan services fell 5.5% on disappointing quarterly profits. Navient reported adjusted core earnings per share of 78 cents. According to StreetAccount, analysts expected earnings of 87 cents per share.
