Snap, Meta Platforms, Mattel and more

Snap, Meta Platforms, Mattel and more

Take a look at the businesses making headlines after the bell

Snap – Shares of the Snapchat mother or father 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 mentioned 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. Traders worry these corporations might 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 mentioned income took successful from foreign money headwinds because the greenback soared. Regardless of the large beat, the corporate reiterated its forecast.

Capital One Monetary — The monetary providers inventory dropped 4.9% in prolonged buying and selling after posting disappointing leads to the current quarter. Earnings per share got here in 13 cents under analysts’ expectations whereas income fell quick 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 12 months forecast. Boston Beer reported $616.2 million in income within the current quarter, barely above consensus expectations of $600.5 million.

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