After a day of mixed trading on Thursday, with the Dow Jones and S&P 500 closing up but the Nasdaq moving into the red, a few stocks took centre stage after the bell.
First in line was enterprise technology and business services company, Hewlett Packard Enterprise Co (NYSE:HPE), which saw its shares soar by as much as 19% after hours.
HPE had released first quarter results that far outstripped analysts’ expectations at all levels.
Hewlett Packard Enterprise targets a return of about $7 billion to shareholdershttps://t.co/unCKrmcP4f
— The Wall Street Journal (@WSJ) 23 February 2018
In addition, the company also offered better-than-expected guidance for the next quarter and for full fiscal year 2018.
For the first quarter, HPE said earnings per share came in at 48 US cents on revenue of US$14.52bn, against analysts’ expectations of 42 US cents on US$13.49bn in revenue.
GoDaddy Inc. (NYSE:GDDY) also saw some action – rising 3% in after the bell trading. Like HP, financial results were behind rise, with the website hosting and domain name company, unveiling strong fourth-quarter and fiscal 2018 results.
Fast food chain and franchise operator, Wingstop Inc (NASDAQ:WING) saw its shares plunge 9% after hours despite its fourth-quarter numbers beating market expectations.
What seemed to matter most to investors was that the guidance issued by the company failed to match Wall Street’s expectations.
Wingstop recorded EPS of 17 US cents on revenue of US$28.2mln against the 16 US cents on US$27.6mln expected by analysts.