Microsoft, F5, Navient, and other stocks experiencing significant price changes following the market close.
Check out the companies making headlines after the bell Tuesday:
The semiconductor company's shares surged over 4% after reporting better-than-expected quarterly revenue of $4.83 billion, exceeding a Refinitiv forecast of $4.43 billion. Additionally, Texas Instruments provided strong earnings and revenue projections for the upcoming quarter.
Despite reporting stronger-than-expected results for the previous quarter, Microsoft shares still dropped about 5%. The company's earnings per share came in at $2.48 on revenue of $51.73 billion, while analysts had predicted earnings per share of $2.31 on revenue of $50.88 billion.
F5's shares plummeted over 13% after the company issued revenue guidance for the current quarter that fell short of expectations. F5 predicts its fiscal second-quarter revenue to be between $610 million and $650 million, which is far below the $693 million that analysts had anticipated. The company attributed the disappointing forecast to supply chain constraints. Additionally, F5 reduced its full-year revenue growth estimates.
Navient's student loan services giant shares dropped 5.5% due to a disappointing quarterly profit, with adjusted core earnings per share of 78 cents, which fell short of the analysts' expectations of 87 cents per share, as reported by StreetAccount.
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