Stocks making the biggest moves after hours: TXN, ENPH, CALM
Check out the companies making headlines in after-hours trading: Texas Instruments — The maker of analog and embedded processing chips tumbled more than 9% after second-quarter sales and earnings topped Wall Street estimates, while the low end of third-quarter guidance fell short. The stock had soared 46% over the past three months before the results. CoStar Group — Shares of the online real estate marketplace rose 1% after the company reported better-than-expected earnings for the second quarter. CoStar earned 17 cents per share, excluding items, on $781.3 million in revenue, while analysts polled by FactSet anticipated 14 cents per share and $772.2 million in revenue. Enphase Energy — Shares slid more than 5%. Despite earnings for the second quarter topping Wall Street expectations, the company said to expect current-quarter revenue between $330 million and $370 million versus a consensus estimate of $368 million from analysts polled by LSEG. Intuitive Surgical — Shares slipped 1%, despite the robotic surgery company posting a second-quarter earnings and revenue beat. Intuitive Surgical reported adjusted earnings of $2.19 per share on revenue of $2.44 billion, while analysts polled by LSEG had expected earnings of $1.92 per share and $2.35 billion in revenue. Cal-Maine Foods — The egg producer saw shares jump nearly 4%. Fiscal fourth-quarter earnings came in at $7.04 per share, up from $2.32 per share in the year-ago period. Revenue of $1.1 billion was also sharply higher than the $640.8 million posted in the fourth quarter of 2024. Cal-Maine also reported an 18% increase in the average number of layer hens compared to the year-ago quarter. SAP — U.S.-listed shares of the enterprise software company slipped 2% after reporting 9.03 billion euros for second-quarter revenue, under the LSEG consensus estimate of 9.08 billion euros. — CNBC’s Lisa Kailai Han, Scott Schnipper and Darla Mercado contributed reporting.
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