Pointers at Glance
- Many stocks of companies are making the biggest moves after hours trading activity.
- The reports of the companies such as Snapchat, Social Media Platforms, Mattel, Capital One Financial, etc. are mentioned below.
Most of the Stocks Making major moves after hours trading activity. A few of the stocks are listed below.
Snapchat
In the recent quarter, shares of the Snapchat parent company plummeted more than 26% in extended trading after reporting a miss on the top and bottom lines. Snap also mentioned that revenue is flat in the current quarter year-over-year and plans to slow hiring.
Social Media Platforms
Social media stocks slipped after hours on the back of disappointing quarterly results from Snap. A report says Meta Platforms, Twitter, Alphabet, and Pinterest fell 5%, 3%, 1.9%, and 6.9%, respectively. Investors fear these companies could be affected by slowing online ad sales.
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Mattel
In the recent quarter, stocks of the toy manufacturer, Mattel, dropped 2.8% after hours despite a beat on the top and bottom lines. Mattel said profit took a hit from currency headwinds as the dollar soared. The company reiterated its forecast despite the big beat.
Capital One Financial
The financial services stock company Capital One Financial’s shares dropped 4.9% in extended trading after posting disappointing results in the recent quarter. Earnings per share came in 13 cents below analysts’ prospects, while revenue fell by $6 million.
Intuitive Surgical
In the recent quarter, shares of the medical devices company, Intuitive Surgical, plummeted 12.6% in after-hours trading after reporting a miss on earnings and revenue. Intuitive Surgical reported acclimated earnings per share in revenue of $1.14 on $1.52 billion.
Boston Beer
Shares of the brewer fell down 8.4% in extended trading after missing earnings per share estimates by 12 cents and slashing its full-year forecast. In the recent quarter, Boston Beer reported $616.2 million in revenue, slightly above consensus expectations of $600.5 million.
