Snap (SNAP)
Shares of the dad or mum firm of Snapchat tumbled in after-hours buying and selling on the heels of its fourth quarter outcomes and forecast. The social media firm expects first quarter income will drop between 2% and 10%.
Snap reported fourth quarter income of $1.30 billion versus estimates of $1.31 billion. Adjusted earnings per share got here in at 14 cents, beating consensus estimates of 11 cents, however reflecting a drop from final 12 months’s EPS of 11 cents.
AMD (AMD)
The chipmaker’s inventory was up in put up market amid better-than-expected income and earnings for its newest quarter.
AMD reported adjusted earnings of 69 cents versus consensus estimates of 65 cents. Income of $5.6 billion grew 16% year-over and got here in above road expectations.
“Though the demand setting is blended, we’re assured in our potential to achieve market share in 2023 and ship long-term progress primarily based on our differentiated product portfolio,” mentioned AMD Chair and CEO Dr. Lisa Su within the firm’s earnings launch.
Digital Arts (EA)
The sport writer’s fiscal fourth quarter internet bookings steerage of $1.68 billion – $1.78 billion got here in wanting expectations of $2.22 billion.
The brand new Star Wars Jedi: Survivor sport has been delayed till April twenty eighth. Initially it was set to return out March seventeenth.
Shares of Digital Arts fell 10% following the corporate’s quarterly outcomes and steerage.
Match Group (MTCH)
Shares of the Match Group fell as a lot as 8% after the courting app firm posted its first quarterly decline on report, and its first quarter income steerage of $790 million and $800 got here in under expectations of $787.3 million.
Match’s Tinder app will launch its first advertising and marketing marketing campaign, a reversal from its traditional phrase of mouth technique.
Paying subscribers dropped by 1% to 16.1 million throughout its newest quarter.
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