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Stocks Moving After Hours: Palo Alto Networks, TiVo, Dean Foods, Papa John's

Published 02/26/2019, 05:41 PM
Updated 02/26/2019, 06:27 PM
© Reuters.

© Reuters.

Investing.com - These stocks were active in after-hours trading.

- Palo Alto Networks (NYSE:PANW), which makes security software for computer networks, saw shares rise more than 11% after hours. The company handily beat analyst estimates compiled by Investing.com for its fiscal second quarter. The company earned $1.51 a share, 26% ahead of the $1.22 a share forecast and up 55.7% from a year ago's 97 cents. Revenue of $711.2 million grew 31.1% from a year ago and beat the estimate of $682.2 million. The company also announced a $1 billion share buyback program and said 2019 earnings and revenue will be higher.

- Shares of TV programming company TiVo (NASDAQ:TIVO) fell as much 11% after hours. The company reported a loss of $2.33 a share in fourth quarter, compared with an estimate for earnings of 28 cents from analysts polled by Investing.com. Revenue was $168.5 million, missing the forecast of $173.9 million and down nearly 15% from a year ago.

- Dean Foods (NYSE:DF) shares jumped 9.8% to nearly $5 after hours. The company said it had begun exploring strategic alternatives to shore up the stock. These could include shedding assets, doing a joint venture, pursuing a merger or going private. The company, one of the largest producers of dairy products, reports earnings on Wednesday. Analysts polled by Investing.com expect a loss of 25 cents a share. Revenue of $1.91 billion would be down slightly from a year ago. The stock has fallen by more than 55% from its 52-week high.

- Papa John's International (NASDAQ:PZZA) shares were up nearly 3% after hours, despite a downgrade of the stock to sell by Stifel Nicolaus. The downgrade cited intense pricing pressures for all pizza companies. The company reported earnings of 15 cents a share, missing the estimate of 19 cents from analysts polled by Investing.com. Revenue of $374 million missed the Investing.com compiled forecast of $393.3 million. Shares were down slightly in regular trading.

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