Check out the companies making headlines after the bell:
Twitter — Shares of Twitter jumped more than 4% after hours following a strong quarterly earnings report. The social media company reported earnings of 20 cents per share, topping analysts’ estimates of 7 cents per share, according to Refinitiv. Twitter’s revenue grew 74% year over year in the second quarter, marking the company’s fastest growth since 2014.
Snap — Snap shares popped more than 13% in extended trading after the social media platform’s second-quarter earnings beat expectations across the board. The company notched adjusted earnings of 10 cents per share, while analysts expected a 1 cent per share loss, according to Refnitiv. The platform also reported 293 million daily active users, up nearly 5% from the 280 million the company reported in April.
Intel — Shares of Intel dipped 3% after hours despite the company’s better-than-expected second-quarter earnings report. The technology company reported adjusted earnings of $1.28 per share on adjusted revenues of $18.5 billion. Wall Street expected earnings of $1.06 per share on revenues of $17.8 billion, according to Refinitiv. Intel said PC unit sales increased 33% over the last year.
Boston Beer — Boston Beer shares sunk more than 16% in extended trading after the company missed Wall Street projections on both second-quarter earnings and revenue. The brewery reported earnings of $4.75 per share on revenues of $603 million. Analysts expected earnings of $6.69 per share and revenues of $658 million, according to Refinitiv.
Skechers — Shares of Skechers gained roughly 7% after the footwear company reported revenue of $1.66 billion for the most recent quarter, topping analysts’ projections of $1.5 billion. Skechers also issued strong third-quarter and full-year earnings and revenue guidance.
Source: Finance - cnbc.com
