Stocks making the biggest moves after hours: QCOM, HUBS, LYFT, BMBL
Check out the companies making headlines in extended trading: Qualcomm — The chipmaker popped 4% after posting results for the fiscal fourth quarter that topped Wall Street’s expectations. The company also offered a strong outlook for the current quarter. Qualcomm reported adjusted earnings of $2.69 per share on $10.24 billion in revenue. Arm Holdings — The semiconductor company slipped 4% despite reporting earnings for the fiscal second quarter that beat expectations. Arm posted adjusted earnings of 30 cents per share on $844 million in revenue, while analysts polled by LSEG had expected 26 cents in earnings per share and $808 million in revenue. Wolfspeed — The semiconductor manufacturer tumbled 17% after missing revenue expectations and offering weak guidance for the current quarter. Wolfspeed generated revenue of $195 million in the first fiscal quarter, missing the consensus estimate of analysts polled by LSEG by $5 million. The company said to expect between $160 million and $200 million in revenue during the current quarter, under the $215 million figure expected. Take-Two Interactive Software — The video game maker popped 3.8% after posting fiscal second-quarter revenue of $1.47 billion, above the expectation of $1.43 billion from analysts surveyed by LSEG. HubSpot — The customer platform jumped 7% after third-quarter earnings came in stronger than expected. HubSpot saw $2.18 in adjusted earnings per share on $669.7 million in revenue, while analysts polled by FactSet forecast $1.91 in earnings per share and $647 million in revenue. The company also issued better-than-anticipated revenue guidance for the full year. Lyft — The ride-hailing company surged nearly 20%. Third-quarter revenue came in at $1.52 billion, topping consensus estimates for $1.44 billion, per LSEG. Guidance for the fourth quarter topped the Street’s expectations, with Lyft forecasting bookings of $4.28 billion to $4.35 billion, while FactSet consensus estimates called for $4.23 billion. MercadoLibre — The online marketplace operator tumbled nearly 9%. Third-quarter earnings of $7.83 per share missed analysts’ forecast for $10 per share, according to FactSet. Red Robin Gourmet Burgers — The burger chain slid 5% after third-quarter adjusted losses came in wider than anticipated at $1.13 per share, while the consensus estimates from StreetAccount called for a loss of 96 cents per share. SolarEdge Technologies — The maker of residential solar power inverters tanked 18%. Third-quarter revenue missed the Street’s expectations, coming in at $261 million, versus LSEG consensus estimates for $269 million. Investors punished SolarEdge in regular trading, where the stock cratered 22% on fears that President-elect Donald Trump will repeal the Inflation Reduction Act. Dutch Bros — Shares soared more than 15% after the restaurant chain’s third-quarter results surpassed Wall Street’s expectations. Dutch Bros posted adjusted earnings of 16 cents per share on revenue of $338 million for the period, above the 12 cents per share and $325 million in revenue that analysts were looking for, according to LSEG. Bumble — The online dating platform slid nearly 3%, even as revenue for the third quarter came in $2 million above the LSEG consensus estimate of $274 million. Match Group — The Tinder and Hinge parent tumbled 12.6% after posting weaker-than-expected revenue and guidance. Match Group reported $895 million in third-quarter revenue, under the $901 million expected by analysts, per LSEG. The company also gave a range for expected revenue in the current quarter that was below what Wall Street penciled in. E.l.f Beauty — The cosmetics retail stock jumped 11% after a stronger-than-expected quarterly report and a guidance hike. E.l.f. reported 77 cents in adjusted earnings per share for its fiscal second quarter, topping the 43 cents expected by analysts, according to LSEG. Revenue climbed 40% to $301 million, beating expectations of $286 million. The beauty company also raised its full-year revenue outlook. Zillow Group — The housing market platform rallied 11% after surpassing Wall Street expectations on both lines in the third quarter. Zillow reported adjusted earnings of 35 cents per share on revenue of $581 million. Analysts surveyed by LSEG expected 29 cents per share and $555 million in revenue. — CNBC’s Darla Mercado, Jesse Pound, Samantha Subin and Sean Conlon contributed reporting.
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