Airbnb, AMD, Digital Arts, and extra

Airbnb (ABNB): Shares fell in prolonged buying and selling after the corporate warned of slowing fourth-quarter progress. Airbnb expects Nights and Experiences Booked progress to reasonable barely relative to the third quarter on a 12 months over 12 months foundation, due partially to stress from FX headwinds. For the third quarter, Airbnb posted its most worthwhile quarter and document income, whereas energetic listings rose 15% from a 12 months in the past. Nights and Experiences booked rose 25% from a 12 months in the past to 99.7 million.

Superior Micro Gadgets (AMD): Shares pushed larger in prolonged buying and selling after the chipmaker posted outcomes that had been ‘higher than feared,’ CFRA’s Angelo Zino informed Yahoo Finance. Income for the quarter was 5.6 billion whereas adjusted earnings had been 67 cents per share. Fourth-quarter income steerage of $5.2 billion to $5.8 billion missed Wall Road’s expectations.

Mondelez (MDLZ): The corporate lifted its gross sales and revenue forecasts and posted third-quarter outcomes that beat expectations, pushing shares larger after hours. Gross sales had been $7.76 billion, up 8.1% from a 12 months in the past. CEO Dirk Van de Put wrote within the earnings launch, “Our third-quarter efficiency demonstrates the resilience of our snacking classes, power of our manufacturers, broad-based internet income progress of each our rising and developed markets, efficient execution of pricing, and strong quantity progress, enabling us to boost our full-year income and earnings outlook.”

Digital Arts (EA): The corporate lower its full-year internet bookings finance to $7.65 billion to $7.85 billion, down from its preliminary forecast of $7.9 billion to $8.1 billion. For the fiscal second quarter, EA’s internet reserving declined 5.2% from a 12 months in the past to $1.75 billion whereas full sport income declined 2.4% year-over-year to $602 million.

Match (MTCH): Shares rose after the corporate’s fourth-quarter income topped estimates. Gross sales for the quarter had been $809.5 million, up 1% from a 12 months in the past. Match additionally outlined plans to manage prices, noting within the shareholder letter “As a result of we count on a difficult working surroundings for the foreseeable future, we plan to speed up our efforts to manage prices, particularly in headcount-related bills and advertising spend, in different areas of the enterprise.”

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