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. #THC #QuarterlyReports #investmentadvisor #CompanyAlerts #investors @FilingSearch Read More at https://t.co/lHz3TQzp7F pic.twitter.com/32z7uaaVNR
— FilingSearch (@FilingSearch) 27 February 2018
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.