The Snapchat logo is seen on a phone screen with a laptop in the background in this file photo taken on Aug. 10, 2022 in Krakow, Poland.
Jakub Porzycki Nurphoto Getty Images
Check out the companies making headlines in after-hours trading.
Snap – Shares of social media company Snap fell 14% after the company reported quarterly earnings that fell short of Wall Street expectations. Adjusted earnings per share were $0.14 on revenue of $1.30 billion. Analysts were expecting adjusted earnings of $0.11 on Refinitiv’s $1.31 billion. The company did not give a forecast for the coming year. Shares of Meta Also 1.4% and Pinterest 1.8% down.
Electronic Arts – Shares of entertainment company Electronic Arts fell 6.7% after the company reported revenue of $2.34 billion, falling short of analysts’ expectations of $2.51 billion. The company said it expects bookings to be below expectations going forward.
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 team – Shares of Related Group slipped 7.6% after the company reported quarterly revenue of $786 million, short of Refinitiv’s $787 million Wall Street expectation. The company had a loss of $0.30 per share, which was not immediately comparable to the previous quarter. Match said first-quarter revenue may be lower than expected.
Advanced Micro Devices – AMD shares rose 3% after the company reported earnings that beat Wall Street’s sales and profit estimates. The chipmaker posted adjusted earnings of $0.69 per share on revenue of $5.6 billion, while analysts were expecting adjusted earnings of $0.67 per share and $5.5 billion in revenue, Refinitiv said. However, the company said that the revenue will decrease in the first quarter.
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