Stocks making the biggest moves after hours: TXN, STX, QRVO
Check out the companies making headlines in after-hours trading. Texas Instruments — The chipmaker jumped more than 9% after issuing better-than-expected guidance for the first quarter. Texas Instruments now sees earnings per share of between $1.22 and $1.48, and revenue between $4.32 billion and $4.68 billion. Analysts expected earnings of $1.26 per share on $4.42 billion in revenue in the quarter, according to LSEG. Texas Instruments missed Wall Street’s fourth-quarter estimates for both earnings and revenue. Seagate Technology — The storage infrastructure stock slipped nearly 2% after Tuesday’s close despite posting strong fiscal second-quarter results. Seagate earned $3.11 per share after adjustments on revenue of $2.83 billion. Analysts polled by LSEG expected the company to earn $2.81 per share on revenue of $2.73 billion. Seagate had soared 30% in the past month before the latest earnings. Qorvo — The chipmaker plunged about 9% after giving disappointing earnings guidance for its fiscal fourth quarter. Qorvo beat earnings per share estimates in its third quarter, earning an adjusted $2.17 per share, above the $1.85 estimated by analysts polled by LSEG. Revenue of $993 million narrowly topped the Street’s expected $988 million. F5 — The cloud computing and security company surged 13% after beating earnings and revenue expectations in its fiscal first quarter. F5 earned an adjusted $4.45 per share on revenue of $822 million, while analysts polled by LSEG estimated $3.65 per share per share on revenue of $758 million. Fiscal second quarter revenue guidance was far above the Street.
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