The Twitter app loads on an iPhone in this illustration photo taken in Los Angeles, California.
Mike Blake | Reuters
Check out the companies that make headlines on Tuesday after the bell:
Twitter – Shares of the social media company were up 1% after business hours on better than expected fourth quarter results. Twitter made 38 cents per share on $ 1.29 billion in revenue. Refinitiv analysts expected earnings of 31 cents a share on revenue of $ 1.19 billion. Twitter added that it expects revenue to outpace expenditure by 2021.
Lyft – Lyft shares were up 6% in long-term trading after the company reported fourth-quarter results that beat analyst expectations. The company lost 58 cents a share on sales of $ 570 million. Analysts expected a loss of 72 cents per share on revenue of $ 563 million, according to Refinitiv. Ridership fell short of analyst predictions, however: the company reported 12.5 million active riders and analysts expected 13.2 million. The ride-sharing company says an increase in coronavirus cases and efforts to reduce transmissions have slowed service. However, CFO Brian Roberts said in a statement that Lyft “expects a growth shift starting in the second quarter and strengthening in the second half of the year.”
Enphase Energy – Shares of the microinverter business were up more than 6%, driven by Enphase’s fourth quarter results. The company reported revenues of $ 264.8 million, while analysts polled by FactSet were looking for $ 254.5 million. The company added that it expects sales in the first quarter to be between $ 280 million and $ 300 million. According to FactSet, Street’s consensus was $ 261.9 million.
Cisco Systems – Shares of the technology company fell 3% in after-hours trading, even after the release of top and bottom-line results that exceeded analyst expectations. Cisco earned 79 cents a share in the previous quarter, surpassing Refinitiv’s estimate by 3 cents. Revenues came in at $ 11.96 billion, higher than a forecast of $ 11.92 billion. Cisco also announced it is increasing its dividend to 3%.
Mattel – The toy manufacturer’s share rose 1% after Mattel reported strong quarterly results. Mattel posted a profit of 40 cents a share on sales of $ 1.63 billion. Wall Street expected a profit of 23 cents on sales of $ 1.58 billion, according to Refinitiv.
Yelp – Yelp stock was up 5% during long-term trading after quarterly earnings and earnings beat analyst expectations. The company earned 27 cents a share, while analysts expected a small loss, according to Refinitiv. Yelp brought in $ 233 million in revenue, higher than the predicted $ 228 million.
– with reporting from The Washington City Times’s Rich Mendez and Pippa Stevens.