A contractor for First Solar Inc. is effective on construction of the Tenaska Imperial Photo voltaic Electricity Middle South undertaking in Imperial County, California.
Sam Hodgson | Bloomberg | Getty Pictures
Examine out the firms creating headlines just after the bell:
Dropbox — Shares of the information expert services company soared 13% all through prolonged trading soon after the corporation declared solid fourth-quarter fiscal success. The organization beat earnings expectations for the duration of the quarter by 3 cents for every share and the $446 million in earnings exceeded the $443 million that analysts predicted, in accordance to Refinitiv. For the duration of the surge, shares briefly exceeded $21 for every share, the price at which it sold shares in its initial community presenting.
Fitbit — Shares of the wearable health and fitness machine corporation dropped 1% through extended buying and selling soon after the organization skipped analyst expectations on the major and bottom line for fourth-quarter fiscal benefits. Fitbit reported a reduction of 12 cents per share excluding some merchandise on revenues of $502 million, while analysts were expecting earnings of 3 cents for each share on profits of $523 million.
Initial Photo voltaic — Shares of the solar vitality organization tanked nearly 15% during prolonged trading following the business announced weak money outcomes for the fourth quarter and fiscal year. Very first Photo voltaic noted fourth-quarter earnings of $1.40 billion even though analysts had anticipated $1.75 billion, in accordance to Refinitiv. The business also furnished adjusted fiscal 12 months 2019 earnings of $1.48 for every share, which was nicely below the earnings of $2.13 per share that analysts envisioned, according to Refinitiv.
Cabot Oil & Fuel — The oil and gasoline firm’s shares slipped about 4% in the course of prolonged buying and selling soon after the organization unveiled fourth-quarter money effects. Cabot described earnings of 30 cents for each share excluding some objects on profits of $461.4 million. Earnings matched anticipations, however analysts had expected income of $477.7 million, in accordance to FactSet.
Dash — Shares of the telecommunications provider climbed 5% all through extended buying and selling after news broke about the most current T-Cellular merger developments. The two corporations have agreed to amend their merger offer agreement to give Deutsche Telekom a a bit larger ownership stake in the new blended enterprise. T-Mobile reported Thursday it plans to close the merger by April 1. Shares of T-Cellular were down about 1% just after hrs.
Sprouts Farmers Markets — The health and fitness grocery shop operator’s stock jumped 6% just after the company described fourth-quarter earnings that conquer anticipations. Sprouts reported earnings of 27 cents for each share while analysts experienced predicted earnings of 14 cents per share, in accordance to Refinitiv. Revenues ended up in-line with analyst estimates.
Texas Roadhouse — The cafe chain’s inventory climbed 7% following the company beat on the prime and base line in the fourth quarter. The firm reported earnings of 61 cents for every share on revenue of $725 million in the course of the quarter, when analysts had predicted earnings of 52 cents for every share on revenue of $714 million, in accordance to Refinitiv.
CNBC’s Jordan Novet and Alex Sherman contributed to this posting.