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 corporations making headlines after the bell:
Snap – Shares of the Snapchat mum or dad company plummeted more than 26% in extended trading after reporting a miss on the prime and backside traces in the current quarter. Snap additionally stated income is flat thus far in 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 prime and backside traces in the current quarter. Mattel stated income took successful from foreign money headwinds as the greenback soared. Despite the massive beat, the firm reiterated its forecast.
Capital One Financial — The monetary providers inventory dropped 4.9% in prolonged buying and selling after posting disappointing ends in the current quarter. Earnings per share got here in 13 cents beneath analysts’ expectations whereas income fell quick by $6 million.
Intuitive Surgical — Shares of the medical gadgets firm plummeted 12.6% in after-hours buying and selling after reporting a miss on earnings and income in 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 in the current quarter by 12 cents and slashing its full 12 months forecast. Boston Beer reported $616.2 million in income in the current quarter, barely above consensus expectations of $600.5 million.