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HomeFinanceSnap, Meta Platforms, Mattel and more

Snap, Meta Platforms, Mattel and more


People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021.

Patrick T. Fallon | AFP | Getty Images

Check out the companies making headlines after the bell

Snap – Shares of the Snapchat parent company plummeted more than 26% in extended trading after reporting a miss on the top and bottom lines in the recent quarter. Snap also said revenue is flat so far in the current quarter year-over-year and that it plans to slow hiring.

Social media — Social media stocks slipped after hours on the back of disappointing quarterly results from Snap. Meta Platforms, Alphabet, Twitter and Pinterest fell 5%, 3%, 1.9% and 6.9%, respectively, following the report. Investors fear these companies could be hurt by slowing online ad sales.

Mattel — Shares of the toy manufacturer dropped 2.8% after hours despite a beat on the top and bottom lines in the recent quarter. Mattel said revenue took a hit from currency headwinds as the dollar soared. Despite the big beat, the company reiterated its forecast.

Capital One Financial — The financial services stock dropped 4.9% in extended trading after posting disappointing results in the recent quarter. Earnings per share came in 13 cents below analysts’ expectations while revenue fell short by $6 million.

Intuitive Surgical — Shares of the medical devices company plummeted 12.6% in after-hours trading after reporting a miss on earnings and revenue in the recent quarter. Intuitive Surgical reported adjusted earnings per share of $1.14 on $1.52 billion in revenue.

Boston Beer — Shares of the brewer sank 8.4% in extended trading after missing earnings per share estimates in the recent quarter by 12 cents and slashing its full year forecast. Boston Beer reported $616.2 million in revenue in the recent quarter, slightly above consensus expectations of $600.5 million.



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