Snapchat brand displayed on a cellphone display is seen with a laptop computer within the background on this illustration picture taken in Krakow, Poland on August 10, 2022.
Jakub Porzycki | Nurphoto | Getty Pictures
Try the businesses making headlines in after-hours buying and selling.
Snap – The social media inventory plummeted 25% after Snap’s revenue came in lower than expected after the bell. The variety of international each day lively customers got here in larger than forecasted. The corporate’s third-quarter income was about 6% larger than final yr. Meta and Alphabet additionally slid 4.7% and a pair of.6%, respectively.
CSX – The transportation firm is buying and selling up 4.3% after it reported third-quarter outcomes, posting beats on prime and backside strains. CSX reported 52 cents in adjusted earnings per share on income of $3.90 billion. Analysts predicted per-share earnings of 49 cents on income of $3.74 billion, in keeping with Refinitiv.
Robert Half International – Shares are down 7.7% following its earnings report. The employment company missed expectations on prime and backside strains, posting per-share earnings of $1.53 on income of $1.83 billion. Analysts anticipated per-share earnings of $1.62 on income of $1.92 billion, in keeping with StreetAccount.
Whirlpool – Shares shed 4.8% after the corporate mentioned after the bell its third-quarter web gross sales declined and its backside line was harm by short-term headwinds. The corporate missed expectations on the highest and backside strains, posting $4.49 in adjusted earnings per share on income of $4.78 billion.
SVB Financial – The financial institution’s shares dropped 12.5% after it posted third-quarter earnings that beat expectations. SVB posted per-share earnings of $7.21, in comparison with analysts’ expectations of $7.09 per share. “We proceed to see energy and momentum in our underlying enterprise, regardless of persistent market challenges affecting liquidity flows to non-public corporations, rising charges and concern of recession,” mentioned Greg Becker, president and CEO of SVB Monetary Group.
Tenet Healthcare – Shares slid 14% after the corporate reported its quarterly outcomes. Adjusted per-share earnings got here in at $1.44, in comparison with analysts’ expectations of $1.24, in keeping with Refinitiv. Revenues had been in step with estimates at $4.81 billion. The corporate dialed again its fourth-quarter steering for per-share earnings and income. Tenet additionally introduced a $1 billion share buyback program.