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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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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