CBS Corp (NYSE:CBS) declined after reporting fourth-quarter results that trailed the estimates of Wall Street analysts. The broadcaster posted earnings per share of $1.50 on revenue of $4 billion. The average forecast of analysts was for $1.54 on revenue of $4.19 billion.
The stock declined 2.9% to $47.68 in Thursday’s after-hours trading.
Nvidia Corp (NASDAQ:NVDA) rallied after posting fourth-quarter earnings that beat the forecast of analysts. The chipmaker posted earnings per share of $0.80 on revenue of $2.21 billion. The average forecast was for $0.75 on revenue of $2.20 billion.
Shares increased 8.3% to $167.36 in extended trading.
Applied Materials Inc (NASDAQ:AMAT) dropped after projecting second-quarter profit trailing the consensus of analysts. The semiconductor equipment company said it expected earnings per share of $0.62 to $0.70, below the average estimate of $0.78. For the first quarter ended January 27, it reported earnings per share of $0.81 on revenue of $3.75 billion. The average estimate was $0.79 on revenue of $3.71 billion.
The stock fell 1.3% to $40.17 after hours.
Coca-Cola Co (NYSE:KO) was the biggest loser among the blue-chips after projecting a slowdown in sales growth for 2019. For the quarter, the soft-drink giant posted earnings per share of $0.43 on net operating revenue of $7,06 billion, which was down 6% from a year earlier. The average forecast of analysts was for earnings per share of $0.43 on revenue of $7.03 billion.
Shares fell 8.4% to $45.59 at the closing bell.
Amazon.com Inc (NASDAQ:AMZN) pared its decline after the e-commerce giant founded by Jeff Bezos said in a statement that it was abandoning its plan for a Long Island City headquarters in the New York borough of Queens. The agreement to build there had drawn criticism from local politicians because it included nearly $3 billion in state and city incentives.
The stock was down 1.1% to $1,622.65.
NetApp Inc (NASDAQ:NTAP) was the biggest loser on the Nasdaq after the data storage company posted weak fourth-quarter revenue guidance. Earnings per share was $1.20, which beat estimates by $0.05, while revenue missed at $1.56 billion, compared with the estimated $1.60 billion.
The stock decreased 5.5% to $63.66.
CenturyLink Inc (NYSE:CTL) fell after the company cut its dividend more than 50% to $1 from $2.17. The Louisiana-based communications services company earned $0.37 during the fourth quarter, compared with the $0.32 estimated by analysts. Revenue was in line with estimates at $5.78 billion.
The shares sank 13% to $12.78.
Cisco Systems Inc (NASDAQ:CSCO) climbed a day after the board authorized an additional $15 billion for buybacks and posted second-quarter results that beat Wall Street estimates. It posted earnings per share of $0.73 on revenue of $12.45 billion, which was up 5% from a year earlier. The average forecast of analysts was for earnings of $0.72 on revenue of $12.41 billion.
The stock added 1.9% to $48.40.
Bloomin' Brands Inc (NASDAQ:BLMN) shares gained as the owner of the Outback Steakhouse restaurant chain beat fourth-quarter profit and sales expectations as well as posting a positive outlook for the full year. Adjusted earnings per share was flat at $0.30 but above consensus of $0.26. Total revenue slipped to $1.01 billion from $1.08 billion, above the consensus of $1 billion. For 2019, the company expects adjusted earnin per share of $1.53 to $1.61, above the consensus of $1.51.
The stock added 9% to $21.06.
Contact Dennis Fitzgerald at dennis@proactiveinvestors