The Snapchat logo displayed on a phone screen is seen with a laptop in the background in this illustration photo taken in Krakow, Poland, on August 10, 2022.
Jakub Porzycki | NurPhoto | Getty Images
Check out the companies making headlines in after-hours trading.
crackle Shares of social media company Snap plunged 14% after the company reported its quarterly revenue that was less than what Wall Street expected, Adjusted earnings per share were $0.14 on revenue of $1.30 billion. Analysts expected $0.11 in adjusted earnings on $1.31 billion in revenue, according to Refinitiv. The company did not provide a forecast for the coming year. shares of meta also fell 1.4% and pinterest dipped 1.8%.
electronic Arts Shares of entertainment company Electronic Arts declined 6.7% after the company reported $2.34 billion in revenue, less than the $2.51 billion analysts expected, per Refinitiv. The company also said that it expects bookings to be lower than earlier.
Western Digital — Western Digital fell 5.6% after reporting quarterly revenue of $3.11 billion, beating analysts’ estimates of $2.99 billion, according to Refinitiv. The company said it expects revenue in the coming quarter to be lower than previously guided.
match group Shares of Match Group dropped 7.6% after the company reported quarterly revenue of $786 million, which was less than Wall Street’s expectation of $787 million, per Refinitiv. The company also had a loss of $0.30 per share that was not immediately comparable to the previous quarter. Match said first-quarter revenue is likely to be lower than expected.
Advanced Micro Devices AMD shares rose 3% after the company’s report 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 revenue, according to Refinitiv, where analysts had expected $0.67 per share adjusted and $5.5 billion in revenue. Still, the company said it expects revenue to decline in the first quarter.