Snap, AMD, Match Group, EA

Click (CLICK)

Shares in parent company Snapchat tumbled after hours following the release of fourth-quarter results and guidance. The social media company expects first-quarter revenue to fall 2-10%.

Snap reported fourth-quarter revenue of $1.30 billion, compared to estimates of $1.31 billion. Adjusted earnings per share were 14 cents, beating the consensus estimate of 11 cents but reflecting a decline from last year’s earnings per share of 11 cents.

AMD (AMD)

Shares of the chip maker rose on post-market data on the back of higher-than-expected earnings and earnings for the latest quarter.

AMD reported adjusted earnings of 69 cents versus the consensus estimate of 65 cents. Revenue of $5.6 billion was up 16% year-over-year and exceeded all expectations.

“While the demand environment is mixed, we are confident in our ability to increase market share in 2023 and deliver long-term growth based on our differentiated product portfolio,” AMD Chairman and CEO Dr. Lisa Su said in an earnings call. and company losses.

electronic arts (EA)

The game publisher’s FQ4 net orders guidance of $1.68-1.78 billion fell short of expectations of $2.22 billion.

The release of the new Star Wars Jedi: Survivor game has been delayed until April 28th. It was originally supposed to be released on March 17th.

Electronic Arts shares fell 10% after the company’s quarterly results and guidance.

Match group (MTCH)

Match Group shares fell 8% after the dating app company reported its first quarterly decline on record, with its $790 and $800 first-quarter revenue forecast below expectations of $787.3 million. dollars.

Match’s Tinder app will launch its first marketing campaign, moving away from its usual word-of-mouth strategy.

Paid subscribers fell 1% to 16.1 million in the most recent quarter.

Click here to view the latest Yahoo Finance platform stock quotes.

Click here for the latest stock market news and in-depth analysis, including stock events.

Read the latest financial and business news from Yahoo Finance

Download the Yahoo Finance app for An Apple or android

Follow Yahoo Finance at Twitter, facebook, Instagram, flipboard, LinkedInand YouTube

Content Source

News Press Ohio – Latest News:
Columbus Local News || Cleveland Local News || Ohio State News || National News || Money and Economy News || Entertainment News || Tech News || Environment News

Related Articles

Back to top button