div > div.group > p:first-child"> Shares of Snap soared as much as 10%, before paring gains to trade just 1% up, in extended trading Tuesday following the release of the company's strong first-quarter earnings. Snap, the maker of Snapchat, reported a 10 cent loss per share, compared to the estimated loss of 12 cents per share. Revenue was $320 million, topping estimates of $307 million, according to Refinitiv. Revenue grew 39%, outpacing last quarter's 36% growth.
Shares of eBay rose 5% after hours Tuesday after reporting first-quarter earnings. Beating on the top and bottom lines, the e-commerce company posted earnings per share of 67 cents on revenue of $2.64 billion. Wall Street expected earnings per share of 63 cents on revenue of $2.58 billion, according to Refinitiv.Kraft Heinz shares ticked lower after market close Tuesday after CNBC reported the company is weighing the sale of its Ore-Ida frozen potato business.
Texas Instruments estimates second quarter earnings per share of between $1.12 and $1.32 and revenue between $3.46 billion and $3.74 billion. Shares of iRobot tanked 16% in extended trading Tuesday after missing on revenue for the first-quarter. The maker of robot vacuum Roomba earned $237.7 million in revenue, compared to the $251.4 million forecast by analysts. Earnings per share came in at 78 cents, topping estimates of 60 cents per share per Refinitiv.
Source: News Formal (newsformal.com)
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