A employee prepares to load a silicon wafer machine in a clear room on the Texas Devices semiconductor fabrication plant in Dallas, Texas.Jason Jan
A employee prepares to load a silicon wafer machine in a clear room on the Texas Devices semiconductor fabrication plant in Dallas, Texas.
Jason Janik | Bloomberg | Getty Pictures
Check out the businesses making headlines after the bell.
Texas Instruments – Texas Devices’ inventory fell 1% in prolonged buying and selling on Wednesday after the corporate mentioned its revenues declined within the fourth quarter and will achieve this in opposition to within the present three-month interval. The semiconductor firm did beat estimates, reporting earnings of $1.11 per share on income of $3.35 billion, whereas analysts anticipated earnings of $1.02 per share on income of $3.22 billion, based on Refinitiv. Nevertheless, income decreased 10% from the identical quarter a yr in the past, and the midpoint of its first-quarter steerage is about 9% under the primary quarter of 2019.
Citrix Systems — Shares of Citrix Methods rose greater than 4% in prolonged buying and selling after the corporate beat expectations for the fourth quarter on the again of robust subscription income progress and introduced it was increasing its inventory buyback program. The tech firm reported income for the quarter of $810 million and $1.71 in adjusted earnings per share, above the $802 million in income and $1.68 EPS anticipated by Wall Avenue analysts, based on Refinitiv. The corporate mentioned its board accredited a $1 billion enhance in its inventory…