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Zillow Group Inc. shares fell in the extended session Tuesday after the real-estate website forecast a wider loss for the year than Wall Street had expected. Zillow shares fell 6% to $34.65 after hours. The company forecast a full-year net loss of between $20.2 million to $40.2 million on revenue of $1.03 billion to $1.05 billion. Analysts surveyed by FactSet had forecast a full-year loss of $600,000 on revenue of $1.04 billion. For the fourth quarter, Zillow reported adjusted earnings of 14 cents a share on revenue of $227.6 million, while analysts had forecast 11 cents a share on revenue of $222.2 million.

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The American Petroleum Institute late Tuesday reported a much bigger-than-expected increase of 14.2 million barrels in U.S. crude supplies for the week ended Feb. 3, according to sources. Analysts polled by S&P Global Platts forecast a climb of 2.5 million barrels. The API data also showed a rise of 2.9 million barrels in gasoline supplies and a climb of 1.4 million barrels in distillates, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. March crude was at $51.69 a barrel in electronic trading, down from the contract’s settlement of $52.17 on the New York Mercantile Exchange.

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Priceline Group Inc. plans to buy Momondo Group, which operates Cheapflights and travel metasearch engine momondo, in an all cash deal worth $550 million. Once the deal is finalized later this year, Momondo will become a part of Priceline’s Kayak brand, according to Priceline. Shares of Priceline were unchanged in Tuesday’s extended session after closing up 0.7% to $1,598.70.

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Coherent Inc. shares rallied in the extended session Tuesday after the laser manufacturer topped Wall Street estimates for quarterly earnings. Coherent shares jumped 12% to $180 after hours. The company reported adjusted fiscal first-quarter earnings of $2.57 a share on revenue of $346.1 million. Analysts surveyed by FactSet had estimated earnings of $1.81 a share.

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Microchip Technology Inc. shares were halted late Tuesday after the electronics component maker’s quarterly report and outlook topped Wall Street estimates. Microchip Technology shares were halted at $69.62 after hours. The company reported adjusted third-quarter earnings of $1.05 a share on adjusted revenue of $881.2 million. Analysts surveyed by FactSet had estimated 90 cents a share on revenue of $849 million. For the fourth quarter, Microchip forecast adjusted earnings of $1.01 to $1.11 a share on adjusted revenue of $872 million to $908 million. Analysts had estimated 93 cents a share on revenue of $863.4 million.

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Oil futures extended its losses into a second session Tuesday, sending prices to their lowest finish in almost three weeks. “The long side of the oil trade has become extremely crowded recently on OPEC compliance bets,” said Tyler Richey, co-editor of The 7:00’s Report. March West Texas Intermediate crude fell 84 cents, or 1.6%, to settle at $52.17 a barrel on the New York Mercantile Exchange. That was the lowest finish since Jan. 19, according to FactSet data.

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Shares of K12 Inc. rallied 1% in afternoon trade Tuesday, after Vice President Pence broke a tie to confirm Betsy DeVos as the next Secretary of Education. “While somewhat of a controversial choice, we believe this appointment will be positive for the private sector (for-profit) education sector, specifically in the K-12 segment where Ms. Devos has been a strong proponent of school reform, particularly charter schools,” Analyst Jeffrey Silber at BMO Capital Markets wrote in a note to clients. “This could be a positive for K12 Inc., which helps to manage virtual charter schools.” K12’s stock has lost 8.1% since closing at a 2 1/2-year high of $20.19 on Jan. 30, but was still up 66% since the election. Among shares of other for-profit education companies, Career Education Corp.’s slipped 0.8% Tuesday but has climbed 32% since the election; DeVry Education Group Inc.’s shed 2% on Tuesday but has run up 38% since the election; and Capella Education Co.’s dropped 1.1% Tuesday, but has rallied 12% since the election. Meanwhile, the S&P 500 was little changed Tuesday, but has gained 7.2% since the election.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News