Shares making the largest strikes by the hour: PayPal, Mondelez, Skyworks Options, and extra
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Check out the companies that are making headlines after the bell:
PayPal – The payment company’s shares fell 4% after the close of trading on Monday, despite better-than-expected gains. PayPal made $ 1.07 per share on revenue of $ 5.46 billion. According to Refinitiv, analysts expect a profit of 94 cents on sales of 5.43 billion US dollars.
Mondelez – The food company’s shares fell 1% in expanded trading on Monday, although the income statement was better for both quarterly and bottom line. The oreo maker earned 63 cents per share, beating estimates by one cent. Sales were $ 6.67 billion, ahead of estimates of $ 6.48 billion, according to Refinitiv.
Skyworks Solutions – The semiconductor company was down nearly 2% after close on Monday despite reporting better-than-expected quarterly results. Skyworks made $ 1.85 per share on revenue of $ 957 million. Wall Street predicts earnings of $ 1.52 per share on sales of $ 842 million, according to Refintiv. Skyworks also issued strong guidance for the first quarter and revenue.
Cirrus Logic – Semiconductor shipments stocks rose more than 7% on the hour after hitting the income statement. Cirrus reported earnings of $ 1.26 per share, while Wall Street projected earnings of 90 cents per share, according to Refinitiv. Revenue was $ 347 million, beating expectations of $ 311 million. Cirrus also gave strong sales guidance for the next quarter.