Business

Snap, Intel, Chipotle and more

Folks stroll previous Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021.

Patrick T. Fallon | AFP | Getty Photographs

Take a look at the businesses making headlines after the bell

Snap — Snap shares sunk roughly 23% in prolonged buying and selling after the corporate missed revenue expectations in the third quarter. The social media platform posted income of $1.07 billion versus $1.1 billion anticipated, in accordance with Refinitiv. Snap noticed its promoting enterprise decline after Apple launched privateness adjustments earlier this yr. The corporate additionally issued lower-than-expected fourth-quarter income steering. Other social media and digital advertising stocks also fell after hours following Snap’s report, together with Facebook, Twitter and The Trade Desk.

Intel — Shares of Intel retreated 8.8% in after hour buying and selling following the semiconductor firm’s quarterly financial results report. Intel posted income of $18.1 billion, in contrast with the Refinitiv consensus estimate of $18.2 billion. The corporate blamed the weaker-than-expected gross sales on an industry-wide part scarcity. Intel additionally issued lower-than-expected fourth-quarter earnings-per-share steering.

Chipotle Mexican Grill — Chipotle shares added 1% after hours following an earnings beat. The fast-casual chain crushed analyst expectations, posting adjusted earnings of $7.02 per share versus $6.32 per share anticipated, in accordance with Refinitiv. Worth hikes helped the corporate offset larger beef and freight prices.

Mattel — Shares of Mattel gained 5.5% in prolonged buying and selling after the toy maker’s quarter earnings report crushed Wall Avenue expectations. Mattel posted earnings of 84 cents per share on income of $1.76 billion, whereas analysts surveyed by Refinitiv anticipated earnings of 72 cents per share on income of $1.69 billion.

Whirlpool — Whirlpool shares fell 4.3% after hours following a weaker-than-expected quarterly report. The house equipment firm posted income of $5.49 billion versus $5.74 billion anticipated, in accordance with Refinitiv. Whirlpool additionally issued lower-than-expected full-year earnings-per-share and income steering.

Boston Beer — Shares of Boston Beer fell 3.3% in prolonged buying and selling regardless of the brewery’s better-than-expected third-quarter gross sales report. Boston Beer posted income of $561.6 million, topping the consensus analyst estimate of $531.5 billion, in accordance with StreetAccount.

https://www.cnbc.com/2021/10/21/stocks-making-the-biggest-moves-after-hours-snap-intel-chipotle-and-more.html | Snap, Intel, Chipotle and extra

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