Stocks making the biggest moves after hours: Paycom, AMD, Yum China and more
Check out the companies making headlines in after-hours trading. Paycom Software — Shares dropped 26.5% after the company missed third-quarter revenue estimates. Paycom posted $406.3 million in revenue for the period, while analysts polled by FactSet had called for $411.2 million. Earnings per share beat forecasts, however, coming out at $1.77, excluding items, while analysts expected $1.61 per share. Livent — The maker of battery-grade lithium hydroxide dropped 4.4% after cutting its forward guidance and reporting a 10% decline in quarterly revenue . The company reported adjusted earnings of 44 cents per share on $211.4 million in revenue for the third quarter, while analysts surveyed by FactSet had called for earnings of 48 cents per share on $264.4 million in revenue. Advanced Micro Devices — The chipmaker declined 4.5% after its fourth-quarter revenue estimate of $6.1 billion disappointed investors . The company reported 70 cents per share in earnings surpassing analysts’ forecast of 68 cents per share, according to LSEG. Revenue for the third quarter came out at $5.80 billion, while analysts expected $5.70 billion. MasTec — Shares plunged 20.9% after the infrastructure company missed third-quarter earnings estimates by a wide margin. MasTec posted adjusted earnings of 95 cents per share, while analysts polled by FactSet had called for earnings per share of $1.84. The company’s revenue, which was $3.26 billion for the quarterly period, also fell short of analysts’ expectations of $3.79 billion. MasTec also slashed its full-year guidance and said it expects reduced activity to continue through the fourth quarter until its annual budget cycles are “replenished.” Match Group — The dating service provider, which owns Tinder and Hinge, fell roughly 5.6% on disappointing revenue guidance for the fourth quarter. The company sees revenue between $855 million and $865 million, while analysts polled by LSEG expected $895 million. Yum China Holdings — The China-based restaurant operator shed 10.8% after missing revenue estimates for the third quarter. Yum reported $2.91 billion in revenue, falling short of analysts’ expectations of $3.06 billion in revenue, according to estimates from LSEG. This post has been syndicated from a third-party source. View the original article here.
