People walking in front of a Snap Inc. sign. Snapchat displayed in downtown Los Angeles, California on October 2, 2021.
Patrick T. Fallon | AFP | Getty Images
Check which companies are making headlines after the bell:
Explode, Explode – Snapchat Parent Shares The company is down more than 26% in extended trading After reporting a profit and loss error in the last quarter. Snap also said revenue has been flat so far in the current quarter year on year and that it plans to slow hiring.
Social Media – Social media stocks fell after hours on the back of disappointing quarterly results from Snap. meta padsAnd the the alphabetAnd the Twitter And the Pinterest They fell 5%, 3%, 1.9% and 6.9%, respectively, following the report. Investors fear that these companies will be hurt by slowing online advertising sales.
Mattel The gaming maker’s shares fell 2.8% in after-hours despite outperforming the top and bottom lines last quarter. Mattel said revenue was hit by currency headwinds as the dollar rose. Despite the big tempo, the company reiterated its expectations.
Capital One Financial The financial services stock fell 4.9% in extended trading after it posted disappointing results in the last quarter. Earnings per share came in 13 cents less than analysts’ expectations while revenue fell by $6 million.
intuitive surgical – Shares of the medical device company fell 12.6% in post-closing trading after reporting a profit and revenue loss in the last quarter. Intuitive Surgical reported adjusted earnings per share of $1.14 on revenue of $1.52 billion.
Boston Bear Brewery shares sank 8.4% in extended trading after it lost last-quarter earnings per share estimates by 12 cents and lowered its full-year forecast. Boston Beer reported revenue of $616.2 million last quarter, slightly above expectations of $600.5 million.
“Devoted student. Bacon advocate. Beer scholar. Troublemaker. Falls down a lot. Typical coffee enthusiast.”