Let’s check out the companies that are becoming a hot topic for after-hours trading. Snap — The social media company soared 26% after announcing a $500 million buyback program and providing strong fourth-quarter earnings guidance. In addition to that, Snap said it will pay $400 million for Perplexity AI to integrate the AI startup’s search functionality into Snapchat. Arm Holdings — Shares of chip design company Arm Holdings rose nearly 3% after the company reported better-than-expected sales and bottom line profits. Arm earned 39 cents per share, excluding items, on revenue of $1.14 billion. Analysts surveyed by LSEG had expected Arm to earn 33 cents per share on revenue of $1.06 billion. The company’s third-quarter outlook also exceeded expectations. Figma — AI software company Figma’s stock rose nearly 6% after it beat third-quarter revenue estimates and raised its guidance for the year. According to LSEG, Figma reported revenue of $274 million, beating expectations of $265 million. The company now expects fiscal 2025 sales to be $1.04 billion and $1.05 billion, up from its previous forecast of $1.02 billion to $1.03 billion. Lyft — The ride-hailing stock rose nearly 3% on earnings growth. Lyft earned 11 cents per share. Analysts had expected earnings of 8 cents per share, according to LSEG. elf Beauty — The beauty brand’s stock fell more than 22% after reporting mixed second-quarter results. The company’s earnings, excluding items, were 68 cents per share, beating LSEG’s estimate of 57 cents per share. However, the company’s revenue was $344 million, falling short of Wall Street’s expectations of $366 million. Elf Beauty’s annual sales forecast was also disappointing. Dutch Bros. — The coffee chain’s stock rose more than 4% after third-quarter earnings and sales beat Wall Street expectations. Dutch Brothers reported adjusted sales of 19 cents per share on revenue of $423.6 million, beating the forecast of 17 cents per share and $413.6 million from analysts surveyed by FactSet. The company also raised its full-year forecast. Applovin — Software stocks soared more than 6% after better-than-expected quarterly results. Aprovin’s third-quarter adjusted EBITDA was $1.16 billion, compared with analysts’ expectations of $1.09 billion, according to FactSet. Additionally, the company reported revenue of $1.41 billion, beating the consensus estimate of $1.34 billion. The outlook for the fourth quarter was also positive. Devon Energy — Shares rose more than 1% after the company’s earnings and revenue beats. Devon Energy reported adjusted earnings per share of $1.04 on revenue of $4.33 billion. That’s better than analysts had expected for 93 cents a share and $4.14 billion in revenue, according to FactSet. Robinhood — Shares fell 2% as investors were disappointed by the trading platform’s better-than-expected third-quarter results. The company reported third-quarter earnings of 61 cents per share on revenue of $1.27 billion. By comparison, analysts’ average earnings estimate was 53 cents per share and revenue of $1.19 billion, according to LSEG data. Robinhood stock has soared more than 470% over the past year. Qualcomm — Shares of the chipmaker fell about 2% after the company reported better-than-expected profits and revenue in its fourth quarter results. Qualcomm earned an adjusted profit of $3.00 per share, beating LSEG’s estimate of $2.88 per share. Sales were $11.27 billion, with the consensus estimate of $10.79 billion. Qualcomm expects fiscal first-quarter revenue to be between $11.8 billion and $12.6 billion, with $12.2 billion in the middle of the range, also above expectations. The company said adjusted EPS would be between $3.30 and $3.50, while analysts had expected earnings of $3.31 per share. Fortinet — Shares fell 11% after the cybersecurity company reported better-than-expected third-quarter results but cut its full-year outlook. Fortinet had earnings of 74 cents per share excluding items on revenue of $1.72 billion, compared with analysts’ expectations of earnings of 63 cents per share on revenue of $1.72 billion, according to LSEG data. However, the company adjusted its revenue outlook for the year-end to between $6.72 billion and $6.78 billion, down slightly from its previous forecast of $6.68 billion to $6.83 billion. Hubspot — Shares fell 12% even though the customer platform reported strong top and bottom line numbers for the third quarter. The company posted earnings of $2.66 per share, excluding $810 million in items, compared to TheStreet’s average earnings estimate of $2.58 per share on revenue of $787 million, according to LSEG data. DoorDash — Shares plunged 15% after the delivery app reported mixed third-quarter results. The company earned 55 cents per share, below Wall Street expectations of 69 cents per share, according to LSEG data. However, DoorDash’s revenue came in at $3.45 billion, beating analysts’ expectations for $3.36 billion. Duolingo — Shares of the language learning platform rose more than 17% even as the company beat third-quarter earnings estimates and raised its revenue outlook. Third-quarter revenue was $271.7 million, beating expectations of $260.3 million. The company currently expects revenue to increase by $1.028 billion to $1.032 billion this year. However, investors were concerned that the company’s fourth-quarter orders were lower than expected. —CNBC’s Sean Conlon, Christina Cheddar Burke and Fred Imbert contributed reporting.
Snap, ARM, FIG, LYFT, etc.
