People stroll previous Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021.
Patrick T. Fallon | AFP | Getty Images
Check out the businesses making headlines after the bell:
Snap – Shares of the Snapchat guardian firm plummeted more than 26% in prolonged buying and selling after reporting a miss on the highest and backside traces within the current quarter. Snap additionally stated income is flat to date within the present quarter year-over-year and that it plans to gradual hiring.
Social media — Social media shares slipped after hours on the again of disappointing quarterly outcomes from Snap. Meta Platforms, Alphabet, Twitter and Pinterest fell 5%, 3%, 1.9% and 6.9%, respectively, following the report. Investors concern these corporations may very well be harm by slowing on-line advert gross sales.
Mattel — Shares of the toy producer dropped 2.8% after hours regardless of a beat on the highest and backside traces within the current quarter. Mattel stated income took a success from currency headwinds because the greenback soared. Despite the massive beat, the corporate reiterated its forecast.
Capital One Financial — The monetary companies stock dropped 4.9% in prolonged buying and selling after posting disappointing leads to the current quarter. Earnings per share got here in 13 cents beneath analysts’ expectations whereas income fell brief by $6 million.
Intuitive Surgical — Shares of the medical units firm plummeted 12.6% in after-hours buying and selling after reporting a miss on earnings and income within the current quarter. Intuitive Surgical reported adjusted earnings per share of $1.14 on $1.52 billion in income.
Boston Beer — Shares of the brewer sank 8.4% in prolonged buying and selling after lacking earnings per share estimates within the current quarter by 12 cents and slashing its full yr forecast. Boston Beer reported $616.2 million in income within the current quarter, barely above consensus expectations of $600.5 million.