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Apple CEO Tim Cook gestures on stage during an Apple special event in San Francisco, California
Check out the companies making headlines after the bell:
Apple shares rose more than 3 percent during after-hours trading, following a third quarter earnings report that beat Wall Street estimates. The tech giant reported earnings per share of $2.34, beating analysts' expectations of $2.18 per share. It also reported strong numbers for revenue of $53.27 billion, beating Wall Street estimates of $52.34 billion.
Pandora Media shares jumped more than 9 percent during extended-hours trading after a smaller-than-expected loss for its second quarter earnings. The music streaming company posted a loss of 15 cents, a cent better than the 16-cent loss expected by Wall Street. Pandora also beat analysts' revenue estimates, reporting $385 million in revenue versus the $373 million expected.
Cheesecake Factory's stock fell more than 9 percent in after-hours trading following top and bottom line misses for its second quarter results. The restaurant chain reported earnings of 65 cents per share, missing analysts' earnings expectations of 81 cents per share. Cheesecake Factory also missed Wall Street revenue expectations of $594 million in revenue, reporting $593 million in revenue.
Campbell Soup shares are up about 3 percent during extended-hours trading after Dow Jones reported that activist investor Third Point has built a stake in the soup company of more than $300 million. The stake is worth more than 2.5 percent of Campbell's stock, according to the report. Additionally, the Camden, NJ-based company has tapped Deloitte for its previously announced strategic review.
