Lyft and Papa John’s Stocks Among Biggest Movers after the Bell

A number of stocks moved surged either way in ‘after hours’ trading on Tuesday, with several rising more than five percent. Some of the big movers include:

Papa John’s stock moved 3% higher after the company’s earnings report returned better-than-expected results. The pizza retailer returned earnings worth $0.31per share with $398 million in revenue. This beat Wall Street estimates that had put it at $0.24 per share with revenue at $386 million.

Electronic Arts also moved higher, with the company’s shares surging 6% following the video game company’s strong 2019 fiscal year guidance report. In the earnings results, Electronic Arts returned $0.69 per share. The company’s revenue for the quarter was $1.36 billion.

Another big mover was Match Group, whose shares jumped by over 6% following better-than-expected earnings. The internet dating company returned earnings of $0.42 per share, about 10 cents higher than estimated. It reported revenue of $465 million, $1 million more on the estimates.

The biggest mover was Qorvo, whose stock jumped 8% after hours as the company’s fourth-quarter results surpassed estimates. The radio systems company announced $1.22 earnings per share, which was $0.17 more than expected. The company also made more than $10 million higher than estimated with revenue of $681 million.

After the bell, Lyft shares seesawed, first falling by nearly 3% before an upswing saw it notch another 3% higher. The big moves followed the company’s first earnings report that was largely disappointing as it announced large losses. Lyft went public this March and reported its adjusted loss as $9.02 per share with revenue at $776 million.

The Sprint stocks dropped by nearly 3% after the company suffered losses worth $0.53 per share in its latest earnings. That happened despite the company’s quarterly revenue of $8.44 billion beating analyst estimates of $8.21 billion. 

One of the biggest losers after the bell was Trip Adviser, whose shares fell by more than 6%. This followed the company’s mixed earnings for the first quarter that saw the online travel company report $0.36 earnings per share compared to projections of $0.31. Revenue for the quarter was $376 million slightly lower than the $378 million projected.