Microsoft, F5, Navient & more

Take a look at the businesses making headlines after the bell Tuesday:

Texas Devices — Shares of the semiconductor firm popped greater than 4% on the again of a better-than-expected quarterly income determine. Texas Devices reported fourth-quarter income of $4.83 billion, topping a Refinitiv estimate of $4.43 billion. The corporate additionally issued robust earnings and income steering for the present quarter.

Microsoft — Microsoft shares slid about 5% even after the tech big posted stronger-than-expected outcomes for the earlier quarter. The corporate reported a revenue of $2.48 per share on income of $51.73 billion. Analysts anticipated earnings per share of $2.31 on income of $50.88 billion.

F5 — F5 shares dropped greater than 13% after the corporate issued current-quarter income steering that was properly under expectations. F5 mentioned it sees fiscal second-quarter income ranging between $610 million and $650 million. In accordance with StreetAccount, analysts anticipated steering of round $693 million. F5 cited provide chain constraints for the disappointing forecast. The corporate additionally slashed its full-year income progress estimates.

Navient — Shares of the coed mortgage providers big slid 5.5% on the again of a disappointing quarterly revenue. Navient reported adjusted core earnings per share of 78 cents. Analysts anticipated earnings of 87 cents per share, in keeping with StreetAccount.