Are you ready to stay ahead of the game and make informed investment decisions? We’ve got you covered with the latest updates on companies making waves in after-hours trading.
Chipotle Mexican Grill recently reported their quarterly results, with shares dipping 3%. Despite exceeding earnings expectations with 27 cents per share, revenue came in just under forecasts at $2.79 billion. Same-store sales also fell short of estimates, rising only 6% for the quarter.
Alphabet, the parent company of Google, saw shares rise by 4% after surpassing Wall Street’s estimates. With earnings of $2.12 per share on revenue of $88.27 billion, the tech giant’s revenue grew 15% year over year, outperforming the previous quarter.
Snap, the maker of the popular instant messaging app, jumped nearly 8% after reporting adjusted earnings of 8 cents per share and revenue of $1.37 billion for the third quarter. The company also announced a $500 million stock repurchase program.
Qorvo, a semiconductor solutions provider, saw shares drop 15% after issuing disappointing earnings guidance for the fiscal third quarter. Despite exceeding estimates for the fiscal second quarter, the company expects a decrease in revenue and gross margin for fiscal 2025 compared to 2024.
Electronic Arts reported adjusted earnings of $1.11 per share on revenue of $2.08 billion for the fiscal second quarter, causing shares to rise by 1.3%. Visa, the global payments company, beat earnings and revenue expectations for the fiscal fourth quarter, driving shares up approximately 1.5% and increasing its quarterly dividend by 13% to 59 cents.
Advanced Micro Devices, a semiconductor company, saw shares slide by 7% after providing fourth-quarter revenue guidance that met expectations. Reddit, the popular social media company, posted beats on the top and bottom lines for the third quarter, leading to an 18% increase in shares and a positive forecast for the fourth quarter.
First Solar, a solar panel manufacturer, tumbled 3% after cutting its full-year guidance and missing Wall Street’s expectations in the third quarter.
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