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Snap, Meta Platforms, Mattel and more

by Enochadmin

Individuals stroll previous Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021.

Patrick T. Fallon | AFP | Getty Pictures

Take a look at the businesses making headlines after the bell

Snap – Shares of the Snapchat mum or dad firm plummeted greater than 26% in prolonged buying and selling after reporting a miss on the highest and backside strains within the current quarter. Snap additionally mentioned income is flat up to now within the present quarter year-over-year and that it plans to sluggish 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. Buyers worry these firms may very well 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 strains within the current quarter. Mattel mentioned income took a success from forex headwinds because the greenback soared. Regardless of the massive 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 brief 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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