After-Hours Market Update: Amazon, Intel, and Reddit Face Significant Declines Following Earnings Reports
Several major companies experienced significant volatility in after-hours trading following their latest quarterly earnings releases. Tech giants Amazon (AMZN) and Intel (INTC) saw sharp declines, with Amazon missing both top and bottom-line estimates and Intel providing weaker-than-expected guidance for the current quarter. Similarly, Pinterest (PINS), Reddit (RDDT), Roblox (RBLX), and Twilio (TWLO) all faced double-digit percentage drops due to disappointing revenue projections or earnings misses. In contrast, Rivian Automotive (RIVN) saw a 4% gain after beating third-quarter expectations driven by increased vehicle deliveries. Sandisk also reported an earnings beat alongside an announced eight-for-one stock split, though its share price dipped slightly. The overall market sentiment for these specific movers is heavily weighed down by cautious guidance and missed consensus estimates across the technology and consumer sectors.
Tickers: $AMZN $INTC $PINS $RBLX $RDDT $RIVN $SBUX $SNDK $SYK $TWLO $WDC
Topics: after-hours trading earnings beat earnings miss revenue guidance stock split
Part of the story After-Hours Market Update: Amazon, Intel, and Reddit Face Significant Declines Following Earnings Reports (5 articles)