Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange on March 2, 2017 in New York City.
Find out which companies are making headlines after the Thursday bell:
Intel – Shares of the semiconductor chipmaker were down 1.7% after Intel released second-quarter earnings guidance below analysts’ expectations. Intel expects earnings per share of $ 1.05 for the next quarter. Analysts polled by Refinitiv had forecast earnings of $ 1.09 per share.
Mattel – Shares of the toy maker rose 8.6% after the company reported better than expected first quarter results. Mattel reported losses per share of 10 cents on revenue of $ 874 million. Analysts polled by Refinitiv expected the company to lose 35 cents a share on revenue of $ 684 million.
Snap – Shares of the social media company were up 4.9% from first quarter results which beat analysts’ expectations. Snap broke break even while posting revenue of $ 770 million. Analysts polled by Refinitiv had forecast a loss of 6 cents per share on revenue of $ 744 million.
Boston Beer – Shares of the beer company jumped 8.4% after the company reported higher than expected quarterly revenue. Boston Beer reported sales of $ 545 million. Analysts polled by Refinitiv expected sales to reach $ 477 million. Boston Beer also reported earnings per share of $ 5.26, but it was not clear if that compared to a forecast of $ 2.61 per share.
World Wrestling Entertainment – WWE shares rose 3.2% after the professional wrestling entertainment company released its latest quarterly results. The company earned 51 cents per share on sales of $ 263.5 million. However, it was not clear whether the results were comparable to Refinitiv’s estimates.
Skechers – Shares of the shoe company rose 8.4% after the company released first quarter results that beat analysts’ estimates. Skechers posted earnings per share of 68 cents on revenue of $ 1.43 billion. Analysts polled by Refinitiv were forecasting earnings per share of 46 cents on revenue of $ 1.34 billion.
Skyworks Solutions, Silicon Labs – Shares of the semiconductor maker rose 4% after the company said it would acquire the infrastructure and automotive business of Silicon Labs for $ 2.75 billion. The deal is expected to close in the third quarter of this year. Silicon Labs shares rose more than 13%.