After-hours movers: Starbucks, Qorvo, F5 Networks, LendingClub

After-hours movers:

Starbucks (NASDAQ: SBUX) rose 3.3% after its quarterly results topped estimates. Global comparable store sales declined 4%, driven by a 6% decline in comparable transactions, partially offset by a 3% increase in average ticket. Consensus expected a comp decline of 5.3%.

Qorvo (NASDAQ: QRVO) rose 18% after it published strong fourth quarter results and issued guidance that beat the consensus. Qorvo’s current outlook for the March 2025 quarter is revenue of approximately $850 million and EPS between $0.90 and $1.10.

Skyworks Solutions (NASDAQ: SWKS) shares rose in sympathy with Qorvo.

F5 Networks (NASDAQ: FFIV) gained 13% after its quarterly results easily beat analyst estimates. Although its mixed was guidance, taken together with the earnings beat, overall results were considered strong.

LendingClub (NYSE: LC) fell 17% after it reported lower new originations in the fourth quarter than expected. Loan originations increased 13% to $1.85 billion, compared to consensus of $1.89 billion.

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