Welcome to Extreme Investor Network, your go-to source for all things finance and investing. Today, we are diving into some of the top companies making headlines in extended trading. If you’re looking to stay ahead of the curve in the stock market, you’ve come to the right place.
First up, Spotify Technology. The music-streaming service saw a significant 8% jump in shares, with total monthly active users for the third quarter reaching 640 million. Despite this impressive growth, Spotify fell short of expectations on both the top and bottom lines.
Next, Skyworks Solutions, a semiconductor company, posted an earnings beat in the fiscal fourth quarter. While adjusted earnings came in above expectations at $1.55 per share, the company’s forward guidance for the first quarter fell short of forecasts.
Cava, the fast-casual chain, reported a top- and bottom-line beat in the third quarter, sending its shares soaring 14%. Occidental Petroleum also had a mixed quarter, with adjusted earnings beating estimates but revenues falling below expectations.
Maplebear, also known as Instacart, impressed analysts with third-quarter results that surpassed expectations, yet its shares still ended the day down 3%. Rivian Automotive, on the other hand, gained 5% on news of a joint venture with Volkswagen Group.
Rocket Lab, a launch service provider, saw its shares surge more than 22% after forecasting strong fourth-quarter revenue and exceeding expectations with its third-quarter results. Flutter Entertainment, a gambling company, also impressed investors with adjusted earnings and revenue that beat the Street’s estimates.
Stay tuned to Extreme Investor Network for more updates on the latest market movers and shakers. Whether you’re a seasoned investor or just starting out, we’ve got you covered with expert analysis and insightful commentary on all things finance.