Shares of Pinterest Inc. PINS, +3.04% surged 16% after the social-media company beat analysts’ estimates and brushed aside the impacts of fighting in the Middle East, following an 8% uptick in users to highs of 482 million a year.
Wolfspeed Inc.’s stock WOLF, -3.41% jumped 14% after the semiconductor maker said it expects a narrower-than-expected loss for its ongoing quarter. Shares in Arista Networks Inc. ANET, -0.27% rose 10% after the cloud computing company posted an uptick in revenues and hiked its outlook for 2024.
Shares in Anheuser-Busch InBev BUD, +2.27% increased 3% after the Bud Light maker posted a slight uptick in its third-quarter profits while announcing a new $1 billion stock buyback.Shares of Lattice Semiconductor Corp. LSCC, -4.05% dropped 15% after the company beat Wall Street expectations for its third quarter but forecast weaker sales in the fourth quarter of this year. headtopics.com
Shares in VF Corp VFC, +1.30% plunged 8% after the company that owns The North Face and Timberland withdrew its revenue and earnings guidance for 2024. BP plc BP, -0.75% stock fell 5% after the British oil major missed analysts’ earnings forecasts due to weaker-than-expected performance from its natural gas trading division.
Stocks making the biggest moves after hours: Pinterest, Wolfspeed, Arista Networks and moreThese are the stocks posting the largest moves in extended trading. Read more ⮕
Arista, Lattice, Pinterest, Wolfspeed, BP, AB InBev, and More Stock Market MoversArista Networks’ third-quarter adjusted earnings easily topped estimates, Lattice Semiconductor issues a weak revenue forecast, and Pinterest posts a profit… Read more ⮕
Wolfspeed’s stock rallies as company notches smaller loss than expectedSilicon-carbide company also gives a better-than-expected outlook on the bottom line Read more ⮕
Wolfspeed’s stock gains as company notches smaller loss than expectedSilicon-carbide company also gives a better-than-expected outlook on the bottom line Read more ⮕
Arista Stock Jumps as Earnings Top EstimatesInvestors had worried about the outlook after Meta Platforms issued a more conservative capital-spending forecast than expected. Read more ⮕
Pinterest’s stock surges on jump in revenue, earningsJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron’s and USA Today. Follow him on Twitter jswartz. Read more ⮕