Shares shifting massive after hours: SNAP, EA, AMD, WDC

Snapchat brand displayed on a cellphone display screen is seen with a laptop computer within the background on this illustration photograph taken in Krakow, Poland on August 10, 2022.

Jakub Porzycki | Nurphoto | Getty Photos

Try the businesses making headlines in after hours buying and selling.

Snap – Shares of social media firm Snap sank 14% after the corporate reported quarterly income that was decrease than Wall Avenue anticipated. Adjusted earnings per share have been $0.14 on income of $1.30 billion. Analysts anticipated $0.11 in adjusted earnings on $1.31 billion in income, per Refinitiv. The corporate did not give a forecast for the upcoming 12 months. Shares of Meta additionally fell 1.4% and Pinterest dipped 1.8%.

Digital Arts – Shares of leisure firm Digital Arts shed 6.7% after the corporate reported $2.34 billion in income, lower than the $2.51 billion analysts anticipated, per Refinitiv. The corporate additionally stated it expects bookings to be decrease than beforehand anticipated going ahead.

Western Digital – Western Digital fell 5.6% after reporting quarterly income of $3.11 billion, greater than analysts $2.99 billion estimate, in accordance with Refinitiv. The corporate stated it expects income within the upcoming quarter to be decrease than it beforehand guided.

Match Group – Shares of Match Group slid 7.6% after the corporate reported quarterly income of $786 million, lower than the $787 million Wall Avenue anticipated, per Refinitiv. The corporate additionally had $0.30 loss per share that wasn’t instantly similar to earlier quarter. Match stated first-quarter income will probably be decrease than it anticipated.

Superior Micro Units – Shares of AMD rose 3% after the corporate reported earnings that beat Wall Avenue’s gross sales and revenue expectations. The chipmaker had adjusted earnings per share of $0.69 on $5.6 billion in income the place analysts anticipated $0.67 per share adjusted and $5.5 billion in income, in accordance with Refinitiv. Nonetheless, the corporate stated it expects income to dip within the first quarter.