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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Software & services

Twilio, Marriott Group, Tenet Healthcare Corp - AFTER HOURS

We at Proactive stayed up to see what was hot and what was not after hours in New York..

It was a busy after-hours session in New York, with hotel group Marriott Group Inc (NYSE:MAR) still in play as it had been all day after the second quarter earnings report came out.

Shares were higher in the regular session but dropped 2% after the bell a reported earnings per share of US$1.13 and revenue of US$5.80bn, which was below analysts' expectations.

Big news yesterday was the group's tie up with Chinese tech behemoth Alibaba (NASDAQ:BABA) to expand its online-travel footprint as more Chinese tourists travel abroad.

Elsewhere, Twilio (NYSE:TWLO), the cloud communications specialist, was heading the other way, jumping over 13% to US$34.65 as it smashed through Wall Street expectations for its top and bottom lines for the second quarter.

The company reported revenue of US$95.9mln, which was an impressive 49% increase on the same period last year.

The company had its initial public offering (IPO) in June 2016, pricing its shares at US$15.

Twilio soars after revenue jumps nearly 50% https://t.co/RSR1IpvKGQ

— CNBC (@CNBC) 7 August 2017

Meanwhile, Tenet Healthcare Corp (NYSE:THC) also dropped 8.45% to US$16.69 after hours, as it narrowly missed second quarter earnings and revenue expectations, but lowered its full-year guidance to between 69 cents and 99 cents a share.

Wall Street was anticipating US$1.12 per share.

Also higher was Lending Club Corp (NYSE:LC), which gained 8.79% in= after hours deals to US$5.46 after the online lending platform posted higher-than-expected revenue and surpassed estimates with its revenue guidance for the current quarter and the year.

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