Money

Snap, CSX, Whirlpool and more

Snapchat brand displayed on a cellphone display 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 Images

Check out the businesses making headlines in after-hours buying and selling.

Snap – The social media stock plummeted 25% after Snap’s income got here in decrease than anticipated after the bell. The variety of international every day energetic customers got here in greater than forecasted. The company’s third-quarter income was about 6% greater than final year. Meta and Alphabet additionally slid 4.7% and 2.6%, respectively.

CSX – The transportation company 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 accordance 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 accordance with StreetAccount.

Whirlpool – Shares shed 4.8% after the company mentioned after the bell its third-quarter internet gross sales declined and its backside line was damage by short-term headwinds. The company 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 continue to see strength and momentum in our underlying business, despite persistent market challenges affecting liquidity flows to private companies, rising rates and fear of recession,” mentioned Greg Becker, president and CEO of SVB Financial Group.

Tenet Healthcare – Shares slid 14% after the company reported its quarterly outcomes. Adjusted per-share earnings got here in at $1.44, in comparison with analysts’ expectations of $1.24, in accordance with Refinitiv. Revenues have been according to estimates at $4.81 billion. The company dialed again its fourth-quarter steerage for per-share earnings and income. Tenet additionally introduced a $1 billion share buyback program.

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