Signage for Snap Inc., the parent company of Snapchat, adorns the front of the New York Stock Exchange on March 2, 2017 in New York City.
Check out the companies that hit the headlines on Thursday after the bell:
Intel – The shares of the semiconductor chip manufacturer then fell by 1.7% Intel released its earnings forecast for the second quarter that was below the analysts’ expectations. Intel expects earnings per share of US $ 1.05 for the next quarter. Analysts polled by Refinitiv had forecast earnings of $ 1.09 per share.
Mattel The toy maker’s inventory rose 8.6% after the company released better-than-expected first-quarter results. Mattel reported losses per share of 10 cents on sales of $ 874 million. Analysts polled by Refinitiv expected the company to lose 35 cents per share on sales of $ 684 million.
Grab it – The social media company’s shares rose 4.9% First quarter results that exceeded analysts’ expectations. Snap broke even on balance with sales of $ 770 million. Analysts polled by Refinitiv had forecast a loss of 6 cents per share on sales of 744 million US dollars.
Boston Beer The beer company’s shares fell 8.4% after the company posted higher-than-forecast quarterly sales. Boston beer had sales of $ 545 million. Analysts surveyed by Refinitiv expected sales of $ 477 million. Boston Beer also reported earnings per share of $ 5.26, but it was unclear whether that compares with a forecast of $ 2.61 per share.
World Wrestling Entertainment WWE stock rose 3.2% after the professional wrestling entertainment company released its latest quarterly results. The company made 51 cents per share on sales of $ 263.5 million. However, it was unclear whether the results were comparable to the refinitive estimates.
Skechers The shoe company’s shares rose 8.4% after the company released first-quarter results that beat analysts’ estimates. Skechers posted earnings per share of 68 cents on sales of $ 1.43 billion. Analysts polled by Refinitiv expected earnings per share of 46 cents on sales of 1.34 billion US dollars.
Skyworks solutions, Silicon Labs The semiconductor manufacturer’s shares rose 4% after the company announced it would acquire Silicon Labs’ infrastructure and automotive businesses for $ 2.75 billion. The transaction is expected to close in the third quarter of this year. Silicon Labs stocks were up more than 13%.