Wednesday, March 29, 2023
Homemarket insiderAfter-hours buzz: Twitter, Disney & More

After-hours buzz: Twitter, Disney & More

Check out which companies are making headlines after the bell Wednesday:

Walt Disney – The entertainment conglomerate reported first-quarter adjusted earnings per share of $1.04 on $12.31 billion in revenue, versus estimates of 92 cents EPS on $12.25 billion in revenue. It projected current-quarter revenue of between $230 million and $240 million, versus expectations for $215 million. Its shares climbed in after-hours trade.

Yelp – The consumer review site's shares rose in extended trading after it posted a 72 percent gain in quarterly revenue, helped by the addition of customers and strength in its mobile ad business.

Akamai Technologies – The content delivery provider reported fourth-quarter earnings of 55 cents a share, excluding items, on $436 million in revenue, against estimates of 52 cents a share on $422.4 million in revenue. Its shares rose in extended trading.

Twitter – The microblogging company posted fourth-quarter earnings of 2 cents a share, excluding one-time items, on sales of $243 million. Analysts had expected it to post a loss of 2 cents a share on sales of $218 million. But user growth appeared to lose some steam, with its monthly user average up just 3.8 percent from the third quarter. Shares were down sharply in after-hours trade. Facebook and LinkedIn fell in sympathy.

Green Mountain Coffee RoastersCoca-Cola said it would pay $1.25 billion for a 10 percent stake in the company as part of a long-term strategic partnership. After being halted pending the news, shares rallied in after-hours trade.

Sodastream – The beverage equipment company is falling on competitive concerns.

Pandora Media – The online music provider's shares were hit in after-hours trading following its report of better-than-expected fourth-quarter results but weak first-quarter guidance.

—By CNBC's Kate Gibson

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