Shares of Hortonworks, Inc. (HDP) are higher by 21.33% to $9.50 in pre-market trading on Thursday after the company’s 4Q results beat Wall Street expectations. The business software company posted earnings of ($0.72) per share on revenues of $37.4 million, up 194.5% from a year ago. Analysts were expecting EPS of ($0.79) on revenues of $35.71 million.
For the current quarter ending in April, Hortonworks said it expects revenue in the range of $39.5 million, as compared to analysts’ expectations of $39.37 million.
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Shares of Tesla Motors, Inc. (TSLA) are up on Thursday morning after analysts at Credit Suisse lowered the stock’s price target to $240 from $325. They maintain an ‘Outperform’ on the name following 4Q15 earnings and guidance. In its quarterly report, the electric car maker said it lost $0.87 per share, well below the $0.12 per share analysts were expecting. Revenue rose 59.5% to $1.75 billion, but below views for $1.81 billion. However, the automaker gave a forecast of a 1,000 vehicles a week in Q216 for deliveries of its Model X that topped analyst estimates. Tesla also said it expected to generate positive net cash flow and achieve non-GAAP profitability for the full FY 2016.
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Amazon.com, Inc. (AMZN) — The e-commerce giant announced a $5 billion stock buyback program, replacing a $2 billion repurchase program that had been announced in fiscal-year 2010 and had $763 million remaining.
The company’s shares fell 1.27% to $484.24 in pre-market hours.
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Twitter, Inc. (TWTR) shares are down below the $14 level in pre-market trading Thursday after the social network reported fourth-quarter earnings of $710.47 million, or $0.16 per share. Wall Street had been modeling $710.05 million and $0.12 per share.
Twitter shares remain under pressure as the key metric of monthly average users posted a decline, and the company gave current quarter revenue guidance of $595-$610 million that falls below Street’s $629.03 million forecasts.
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