Advanced Micro Devices (AMD): Shares rose in extended trading after the chip maker reported results that were “better than feared,” CFRA’s Angelo Zino told Yahoo Finance. Revenue for the quarter was $5.6 billion while adjusted earnings were 67 cents per share. Directing fourth-quarter revenue of $5.2 billion to $5.8 billion, below Wall Street expectations.
Mondelez (MDLZ): The company raised its sales and earnings forecasts and announced third-quarter results that beat expectations, pushing stocks higher after hours. Sales were $7.76 billion, up 8.1% from last year. CEO Dirk Van de Put wrote in the earnings statement, “The third-quarter performance demonstrates the resilience of our snack categories, strength of our brands, broad-based net revenue growth for our emerging and developed markets, effective pricing execution, and robust volume growth, enabling us to increase Our full-year earnings and revenue forecasts.”
electronic arts (EA): The company cut full-year net booking funding to $7.65 billion to $7.85 billion, down from its initial forecast of $7.9 billion to $8.1 billion. For the fiscal second quarter, EA’s net booking declined 5.2% from a year ago to $1.75 billion, while full-game revenue fell 2.4% year-over-year to $602 million.
match (MTCH): Shares rose after the company’s fourth-quarter revenue beat estimates. Quarterly sales were $809.5 million, up 1% from last year. Match also outlined plans for cost control, noting in the shareholder letter “As we anticipate a challenging operating environment for the foreseeable future, we plan to accelerate our efforts to control costs, particularly for headcount and marketing expenditures, in other areas of the business.”
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