Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Tenet Healthcare Corp, Fitbit, Palo Alto Networks and more - AFTER HOURS

Proactive takes a look at the after hours trade in New York
A look at the after hours trade in New York

Wall Street stomped to a higher close on Monday, and after the bell, Tenet Healthcare Corp (NYSE:THC) followed the trend, jumping almost 8% to US$20.57.

The Dallas -based healthcare services firm's earnings and revenue beat Wall Street expectations.

Tenet Healthcare Corp reported a bigger quarterly loss as the hospital operator took one-time charges, partly due to changes in the U.S. tax law.

Meanwhile, fourth quarter sales were higher than expected and guidance for the upcoming year was strong.

Elsewhere, Fitbit Inc (NYSE:FIT) shares went the other way, sagging over 15% to US$4.68 after the New York bell.

It came after the much talked about wearable tech firm reported losses per share of 2 cents and revenues that missed expectations by US$18mln.

The firm's fourth-quarter results also missed estimates due to an about 17% fall  in the sale of its fitness trackers in the holiday quarter.

The firm has faced competition from tech behemoth Apple (NASDAQ:AAPL), which has now become a stronger contender in the sector.

Meanwhile,  in a similar vein, shares of NutriSystem Inc (NASDAQ:NTRI) the weight loss group, tanked over 27% to US$ 28.95 in New York after it announced earnings per share and revenues that beat analyst expectations, but weak guidance sent the stock plummeting.

Elsewhere, in extended hours, Akorn Inc (NASDAQ:AKRX) shares tanked over 35% to US$19.50 as the Illinois based generic pharma group is under investigation by acquirer Fresenius regarding alleged breaches of FDA data integrity requirements relating to product development.

Palo Alto Networks Inc (NYSE:PANW), the network security firm, added 6.3% after the bell to US$ 179.98 after it posted growth in revenue as well as EPS (earnings per share) and revenues that surpassed expectations.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use