Snapchat emblem displayed on a telephone display is seen with a laptop computer within the background on this illustration photograph taken in Krakow, Poland on August 10, 2022.
Jakub Porzycki | Nurphoto | Getty Images
Check out the businesses making headlines in after hours buying and selling.
Snap – Shares of social media firm Snap sank 14% after the corporate reported quarterly revenue that was lower than Wall Street expected. Adjusted earnings per share had been $0.14 on income of $1.30 billion. Analysts anticipated $0.11 in adjusted earnings on $1.31 billion in income, per Refinitiv. The firm did not give a forecast for the upcoming yr. Shares of Meta additionally fell 1.4% and Pinterest dipped 1.8%.
Electronic Arts – Shares of leisure firm Electronic Arts shed 6.7% after the corporate reported $2.34 billion in income, lower than the $2.51 billion analysts anticipated, per Refinitiv. The firm additionally stated it expects bookings to be decrease than beforehand anticipated going ahead.
Western Digital – Western Digital fell 5.6% after reporting quarterly income of $3.11 billion, greater than analysts $2.99 billion estimate, in keeping with Refinitiv. The firm stated it expects income within the upcoming quarter to be decrease than it beforehand guided.
Match Group – Shares of Match Group slid 7.6% after the corporate reported quarterly income of $786 million, lower than the $787 million Wall Street anticipated, per Refinitiv. The firm additionally had $0.30 loss per share that wasn’t instantly akin to earlier quarter. Match stated first-quarter income will seemingly be decrease than it anticipated.
Advanced Micro Devices – Shares of AMD rose 3% after the corporate reported earnings that beat Wall Street’s sales and profit expectations. The chipmaker had adjusted earnings per share of $0.69 on $5.6 billion in income the place analysts anticipated $0.67 per share adjusted and $5.5 billion in income, in keeping with Refinitiv. Still, the corporate stated it expects income to dip within the first quarter.