Alibaba Group Holding(BABA) - Get Report shares rose by 4% Tuesday, closing at $79.41, after the company reported third-quarter revenue of $3.5 billion, up 32% year over year, with earnings per share of 57 cents. Analysts were expecting revenue of $3.3 billion and earnings of 54 cents per share from the e-commerce company, which is based in Hangzhou, China.
Read this report from TheStreet's Rebecca Borison on the three biggest takeaways from Alibaba's strong earnings. Alibaba's revenue growth in the three-month period was largely propelled by its performance in mobile, Borison reported.
"We are winning in mobile and remain focused on our top strategic priorities, including internationalization, expanding our ecosystem from cities to villages and building a world-class cloud computing business," said CEO Daniel Zhang in a statement.
Said TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS Charitable Trust Portfolio, "This is a true blowout with an amazing growth in mobile. The Chinese consumer is alive and well and spending on Alibaba."
But Cramer, the host of CNBC's "Mad Money," said in this interview with TheStreet's Rhonda Schaffler that the main takeaway for investors should be to "buy Yahoo! (YHOO) right now." Yahoo! owns a minority stake in Alibaba. Yahoo! stock rose by 2.7% Tuesday, closing at $34.30.
Apple(AAPL) - Get Report shares were rising by nearly 3% in after-hours trading after the maker of the iPhone, iPad and other consumer products reported that quarterly revenue rose by 22.3% as sales of iPhones jumped 36%, driven by the launch of the 6S and 6S Plus models last month, Reutersreported.
"The company's net income rose to $11.12 billion, or $1.96 per share, in the fiscal fourth quarter ended Sept. 26 from $8.47 billion, or $1.42 per share, a year earlier," the news service said. "Net sales rose to $51.50 billion from $42.12 billion."
Apple shares closed at $114.55 during the regular trading session, down less than 1%.
Revenue will be $695 million to $710 million, the company said in a release. "That compares with analysts' average projection for $741.6 million, according to data compiled by Bloomberg, the news service reported.
"Twitter's third-quarter net loss was $131.7 million, compared with $175.5 million a year earlier," Bloomberg said. "Excluding some items, profit was 10 cents a share, beating analysts' average estimate for 5 cents. Revenue rose 58 percent to $569.2 million."
Twitter shares closed at $31.30, up 1.3%, during the regular trading session.
GrubHub (GRUB) - Get Report plunged by 23.6% Tuesday, closing at $24.51, after the food delivery company reported a quarterly profit and sales forecast that disappointed analysts and fell short of expectations.
GrubHub, which is facing increased competition from Amazon(AMZN) - Get Report , among other companies, reported earnings per share of 13 cents for the third quarter, excluding some items, while analysts anticipated 14 cents on average, Bloomberg News reported.
"Revenue of $85.7 million, a 38% jump from a year earlier, missed predictions by $1 million," Bloomberg said. "The company expects fourth-quarter revenue to a range from $98 million to $100 million, falling short of the $101.2 million analysts had anticipated."
T-Mobile reported net income of $138 million, or 15 cents per share, for the third quarter, compared with a loss of $94 million, or 12 cents per share, a year ago, Reutersreported. Analysts, on average, had expected a profit of 30 cents per share, according to Thomson Reuters.
Revenue rose 6.8 percent $7.85 billion, but missed analysts' average estimate of $8.29 billion, the news service said.
Cisco(CSCO) - Get Report announced Tuesday it is buying Lancope, a privately held network security company based in Georgia, for $452 million. "Lancope provides network behavior analytics, threat visibility and security intelligence to help protect companies against top cyber security threats," Cisco said in a release.
Cisco shares closed at $29.05, a slight gain of less than 1%.
The company, which reports earnings on Wednesday, made the announcement at a conference in Las Vegas. Read the report from Reuters.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.