Try the businesses making headlines after hours Tuesday.
Netflix — shares slipped greater than 6% after the corporate missed estimates for the third quarter. The streaming big earned $1.74 per share in contrast with the $2.14 anticipated by analysts polled by Refinitiv. Income got here in at $6.44 billion, which was forward of the $6.38 billion anticipated. The corporate additionally missed estimates on the all-important subscriber additions. The corporate mentioned its world paid internet subscriber additions hit 2.2 million, in contrast with the anticipated 3.57 million, in keeping with estimates from FactSet.
Parsley Energy — shares of the oil and gasoline firm slid 2% after the corporate mentioned it had agreed to be acquired by Pioneer Natural Resources in an all-stock transaction valued round $4.5 billion. Below the phrases of the deal, Parsley shareholders will obtain 0.1252 shares of Pioneer inventory per share of Parsley inventory owned.
Snap — shares of the social media firm jumped greater than 20% after Snap reported a surprise earnings beat for the third quarter. The corporate reported earnings of 1 cent per share on an adjusted foundation, which was forward of the 5-cent loss anticipated by analysts surveyed by Refinitiv. Income got here in at $679 million, which exceeded expectations of $555.9 million. Snap mentioned it had 249 million each day energetic customers in the course of the quarter, forward of the 244.12 million anticipated by analysts polled by FactSet.
Texas Instruments — shares of the corporate rose greater than 1% after the semiconductor identify beat top- and bottom-line estimates in the course of the third quarter. The corporate earned $1.45 per share on income of $3.82 billion. Analysts surveyed by Refinitiv anticipated earnings of $1.28 per share and $3.45 billion in income.
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