Stocks move a lot after hours: PINS, CHGG, TTWO
Andre Harrer | Bloomberg | Getty Images
Check out the companies making headlines after the bell:
pinterest — The social media stock fell more than 7% after last quarter’s revenue fell short of analysts’ expectations. Pinterest also shared a softer-than-expected first-quarter guidance and said it expects “low-single digit” sales growth from the 6.9% growth rate expected by consumers. analysts.
Chegg – Shares of Chegg fell 20% in extended trading after sharing weaker-than-expected revenue guidance for the first quarter and full year, according to Refinitiv. The company cited economic uncertainties and concerns over subscriber growth.
Skyworks Solutions — The semiconductor stock gained 3% in extended trading after announcing a $2 billion share buyback program. It came despite a loss of profit and a light outlook for the current quarter.
Interactive Take-Two – The video game company saw its shares fall 0.5% after posting quarterly revenue below Wall Street expectations. Take-Two posted revenue of $1.38 billion, against estimates of $1.46 billion, according to Refinitiv.
Zoom Info – Shares of the software company fell about 5% after hours following the company’s quarterly results for the latest period. ZoomInfo reported better-than-expected earnings and revenue, according to FactSet. However, the company’s revenue outlook for the first quarter and full year was lower than analysts expected.
Spirit Airlines – The airlines stock rose 3% during extended trading after sharing stronger-than-expected fourth-quarter earnings. Spirit Airlines reported earnings per share of 12 cents, excluding items. Analysts polled by FactSet had forecast earnings of 3 cents per share.
Leggett & Platt – Shares of Leggett & Platt fell more than 5% in extended trading after fourth-quarter earnings fell short of analysts’ expectations, according to FactSet. The full-year earnings-per-share forecast for the home and automotive products maker also fell short of analysts’ expectations.
— CNBC’s Tanaya Macheel and Darla Mercado contributed reporting