Kevin Mandia, CEO, FireEye
Scott Mlyn | CNBC
Check out the corporations making headlines noon after hours on Tuesday:
Microsoft — Microsoft shares whipsawed after the tech large reported better-than-expected outcomes for the earlier quarter. The firm posted an adjusted revenue of $1.82 per share on income of $37.15 billion. Analysts anticipated earnings per share of $1.54 on income of $35.72 billion. Microsoft’s cloud section noticed its income increase by 20% on a year-over-year foundation.
First Solar — Shares of the solar-panel maker popped more than 16% after the firm posted quarterly earnings that beat analyst expectations. First Solar posted earnings per share of $1.45 on income of $928 million. Analysts anticipated earnings of 61 cents per share on gross sales of $688 million, in line with Refinitiv. The firm additionally issued better-than-expected earnings steerage for the fourth quarter.
FireEye — FireEye gained more than 4%, boosted by better-than-expected third-quarter outcomes. The cybersecurity firm posted a revenue of 11 cents per share on income of $238 million. Analysts polled by Refinitiv had forecast earnings per share of seven cents on income of $228 million. Sales from its product, subscription and help companies had been higher than anticipated.
Chubb — Shares of the insurance coverage large climbed 2% on the again of third-quarter income that beat analyst expectations. The firm stated its income for the quarter got here in at $8.47 billion, topping a Refinitiv estimate of $8.16 billion. Chubb’s earnings per share, nevertheless, fell in need of estimates.
Juniper Networks — Juniper Networks noticed its inventory rise more than 3% after the networking know-how firm launched its outcomes for the third quarter. Juniper’s earnings per share got here in at 43 cents, matching a FactSet estimate. Product and repair revenues had been additionally above analyst expectations.