After the market closed, several big names were in the spotlight. Boeing, the well-known aircraft manufacturer, saw its shares take a nearly 2% tumble in after-hours trading. This dip followed their preliminary announcement of fourth-quarter financial results, anticipating a loss of $5.46 per share. This forecast comes as a consequence of a lengthy labor strike and other challenges the company faced last year.
Similar trends were noted with Texas Instruments. The semiconductor giant’s stock also fell over 2% after hours, following a bleak earnings outlook for the present quarter. They predicted profits to land between 94 cents and $1.16 per share, slightly under the average expectation of $1.17 per share, as estimated by LSEG. Despite this forecast, Texas Instruments did exceed both revenue and earnings predictions for the past quarter.
Meanwhile, CSX, a major player in the transportation sector, experienced a 2% decline in its share price after posting less-than-expected revenue figures. The company reported quarterly revenues of $3.54 billion, falling short of the $3.58 billion anticipated by analysts, according to a LESG poll.
Intuitive Surgical, a renowned medical device company, saw its stock dip by about 2% in extended trading. This was somewhat unexpected given that they outperformed analyst forecasts for earnings and revenue. Their adjusted earnings per share were $2.21, surpassing the LSEG’s prediction by 42 cents.
East West Bancorp didn’t escape the trend either, with shares dropping by 3%. The bank reported fourth-quarter earnings of $2.10 per share, just under the $2.11 per share that analysts expected, according to FactSet. On a brighter note, they exceeded revenue expectations, recording $675.8 million against the $659.1 million projected by StreetAccount.
In contrast to the declines, Twilio stood out positively. The cloud communications company saw its stock soar more than 11% in extended trading. This surge was driven by an optimistic profit forecast shared at a Thursday investor event. Twilio also presented confident free cash flow predictions for 2025, and their revenue projection aligned nicely with market expectations.
