The Snapchat logo displayed on a phone screen can be seen with a laptop in the background in this illustrative photo taken on August 10, 2022 in Krakow, Poland.
Jakub Porzycki | Nurphoto | Getty Images
Check out the companies making headlines in after-hours trading.
Snap — Shares in social media company Snap fell 14% after the company reported lower quarterly revenue than Wall Street was expecting. Adjusted earnings per share were $0.14 on sales of $1.30 billion. Analysts were expecting adjusted earnings of $0.11 on sales of $1.31 billion per Refinitiv. The company did not give a forecast for the coming year. Shares of Meta were also down 1.4% and Pinterest was down 1.8%.
Electronic Arts — Shares in entertainment company Electronic Arts fell 6.7% after the company reported revenue of $2.34 billion, down from the $2.51 billion analysts had expected per Refinitiv. The company also said it expects future bookings to be lower than previously expected.
Western Digital – Western Digital fell 5.6% after reporting quarterly revenue of $3.11 billion, more than analyst estimates of $2.99 billion, according to Refinitiv. The company expects revenue in the coming quarter to be lower than previously forecast.
Match Group — Shares of Match Group slipped 7.6% after the company reported quarterly revenue of $786 million, down from the $787 million Wall Street was expecting, per Refinitiv. The company also had a loss of $0.30 per share, which wasn’t immediately comparable to the previous quarter. According to Match, first-quarter revenue is likely to be lower than expected.
Advanced Micro Devices – Shares of AMD rose 3% after the company announced earnings that beat Wall Street’s revenue and earnings expectations. The chipmaker had adjusted earnings per share of $0.69 on sales of $5.6 billion, according to Refinitiv, while analysts reported adjusted earnings per share of $0.67 per share and sales of 5.5 billion dollars expected. Nevertheless, the company expects a drop in sales for the first quarter.