Check out the companies that make headlines for transactions outside of business hours. Starbucks – The coffee giant stock slipped 4% after Starbucks missed second quarter revenue and revenue estimates. The company also reported sales for the same store, reflecting a decline in the fifth quarter. Starbucks recorded an adjusted earnings of $8.76 billion at 41 cents per share, while analysts voted by LSEG expected 49 cents per cent for $8.82 billion, respectively. First Solar – Solar Technology Company’s shares fell 10% after First Solar provided weak guidance for the full year. The company looks at revenue over the period between $12.50 and $17.50 per share, but analysts voted by LSEG sought $18.14 per share. First quarter revenue also missed the mark. Reservation Holds – Shares in online travel booking service providers flow 3%. The first quarter total booking was $46.7 billion, slightly above the $46.533 billion street count consensus estimate. However, the holdings during that period have firmly beaten expectations. Super Micro Computer – Leaguered Server Maker’s shares plummeted by 16% in after-hours trading. Super Micro has announced preliminary results for the third quarter. This did not meet the expectations of the LSEG consensus. The company also reduced scope from previous guidance for the quarter ended March 31st. Visa – Stocks have been added to under 1% after the visa exceeded expectations for the second financial quarter. Visa recorded quarterly profit of $2.76 per share excluding items against revenue of $95.9 billion. Analysts voted by LSEG sought a profit of $2.68 per share on revenue of $9.55 billion. SNAP – SNAP posted first quarter revenues better than expected, but refused to provide guidance, citing macroeconomic uncertainty in months that could affect advertising demand. As a result, stocks plummeted more than 12%. Quarterly, SNAP reported a loss of 8 cents per share with revenue of $1.36 billion. The latter figures came out above the expected $1.35 billion for analysts investigated by LSEG. Caesars Entertainment – Stocks added 3%. Casino operators reported first quarter revenue of $27.9 billion just by landing in Wall Street’s expectations, according to LSEG. The losses were wider than expected at 54 cents per share, but analysts sought a loss of 19 cents per share. QORVO – Semiconductor solution providers have surged almost 9% after issuing robust fiscal first quarter guidance on revenue. Qorvo is looking at landing period revenue of $775 million compared to the $757 million predicted by analysts voted by LSEG. The fourth quarter results broke through analysts’ top-line and bottom-line estimates. Oneok – Oil and gas midstream companies lost 3%. In the first quarter, Oneok recorded adjusted revenue before interest, taxes, depreciation and amortization of $1.78 billion. The result included $31 million in transaction costs associated with the company’s acquisition of Enlink Midstream. Analysts investigated by FactSet asked for $1.93 billion. Seagate Technology – Data storage company jumped nearly 8%. Seagate issued bright guidance in the fourth quarter, sought an adjusted profit of $2.40 per share against its $2.4 billion revenue, with analysts voted by LSEG calling for $2.07 per share and $230 million revenue. The results in the third quarter also exceeded expectations. – CNBC’s Darla Mercado contributed the report.
