Tripadvisor Inc, (NASDAQ:TRIP) saw its shares surge nearly 17% after hours after it released its fourth-quarter results, in which it provided investors with a stronger-than-expected forecast for the current year.
The travel website recorded a loss of US$84mln or 60 US cents a share, blaming the loss mainly to the US$73mln charge related to the new US tax laws.
Excluding the charge, it recorded earnings of 6 US cents a share, still down from the 16 US cents posted a year ago.
The main focus was on its guidance of a flat adjusted EBITDA, aghainst a market consensus for it to drop.
Teva Pharmaceutical Industries Ltd (NYSE:TEVA) jumped 8% after hours before trimming gains after Berkshire Hathaway reported a US$358mln stake in the pharma company.
Full story: Buffett's Berkshire takes stake in Teva, stock soars https://t.co/vXDcyUZ6KG
— CNBC Now (@CNBCnow) 14 February 2018
Hotel chain Marriott International Inc saw its shares fall 4% after hours despite its better-than-expected fourth quarter results.
The company said it earned US$201mln or 54 US cents a share in the quarter, which was lower than the US$244mln or 62 US cents earned a year ago.
Taking out one-time items, the company earned US$415mln or US$1.12 a share, against the US$334mln recorded a year ago, and beating market expectations for US$1.01 a share.
Revenues of US$5.9bn also beat market expectations for US$5.7bn.
NetApp Inc (NASDAQ:NTAP) dipped more than 10% in after hours, after its third quarter recorded a quarterly loss from a profit a year ago. The company blamed the one-time charge of US$856mln from the US tax reform.
Cisco Systems Inc (NASDAQ:CSCO) was up nearly 7% after its second quarter earnings and revenues beat market consensus and guidance offered by company was also better-than-expected. The company had recorded revenue growth for the first time in a year and a half.