Try the businesses making headlines in after-hours buying and selling. Snap — The social media firm surged 26% after it unveiled a $500 million buyback program and issued robust fourth-quarter income steerage. On high of that, Snap mentioned Perplexity AI pays it $400 million to combine the AI startup’s search capabilities into Snapchat. Arm Holdings — Chip designer Arm Holdings’ inventory rose almost 3% after beating expectations on the highest and backside strains. Arm earned 39 cents per share, excluding objects, on income of $1.14 billion. Analysts surveyed by LSEG had anticipated Arm to earn 33 cents per share on income of $1.06 billion. The corporate’s third-quarter forecast additionally outpaced estimates. Figma — AI software program firm Figma noticed its shares rise almost 6% after it beat third-quarter income estimates and raised its forecast for the yr. Figma reported income of $274 million, topping the $265 million estimate, per LSEG. The agency now expects income of $1.04 billion and $1.05 billion in fiscal 2025, up from its earlier forecast of $1.02 billion to $1.03 billion. Lyft — The experience hailing inventory climbed almost 3% following an earnings beat. Lyft earned 11 cents per share. Analysts anticipated a revenue of 8 cents per share, per LSEG. e.l.f. Magnificence — The wonder model’s inventory plunged greater than 22% after reporting combined fiscal second-quarter outcomes. The corporate earned 68 cents per share, excluding objects, topping the LSEG estimate of 57 cents a share. Nonetheless, the corporate’s income of $344 million, missed Wall Road’s expectations of $366 million. E.l.f. Magnificence’s annual gross sales forecast was additionally disappointing. Dutch Bros — Shares of the espresso chain rose greater than 4% after its third-quarter earnings and income topped Wall Road’s expectations. Dutch Bros posted adjusted earnings of 19 cents per share on income of $423.6 million, above the 17 cents per share and $413.6 million that analysts polled by FactSet had penciled in. The corporate additionally raised its full-year steerage. Applovin — The software program inventory popped greater than 6% on the heels of its better-than-expected quarterly outcomes. For the third quarter, Applovin posted adjusted EBITDA of $1.16 billion, whereas analysts had anticipated $1.09 billion, in keeping with FactSet. Moreover, the corporate reported income of $1.41 billion, beating the consensus estimate of $1.34 billion. Its fourth-quarter outlook was additionally upbeat. Devon Power — Shares ticked up greater than 1% following the corporate’s earnings and income beat. Devon Power reported $1.04 in adjusted earnings per share and $4.33 billion in income. That is higher than the 93 cents per share and $4.14 billion in income that analysts had estimated, per FactSet. Robinhood — Shares slipped 2% as buyers had been underwhelmed by the buying and selling platform’s stronger-than-expected monetary outcomes for the third quarter. The corporate reported third-quarter earnings of 61 cents per share on income of $1.27 billion in contrast with analysts’ common earnings forecast of 53 cents per share on income of $1.19 billion, per LSEG information. Robinhood’s inventory has jumped greater than 470% over the previous yr. Fortinet — The inventory fell 11% after the cybersecurity agency reported better-than-expected monetary outcomes for the third quarter however lowered its full-year steerage. Fortinet clocked 74 cents per share excluding objects on income of $1.72 billion versus analysts’ estimates of earnings of 63 cents per share on $1.70 billion income, per LSEG information. Nonetheless, the corporate adjusted its income steerage via the tip of this yr to between $6.72 billion and $6.78 billion, marking a slight lower from its prior steerage of $6.68 billion to $6.83 billion. Hubspot — The inventory slumped 12%, regardless of the shopper platform reporting robust high and bottom-line figures for the third quarter. The corporate posted earnings of $2.66 per share excluding objects on income of $810 million versus the Road’s common earnings estimate of $2.58 per share on income of $787 million, LSEG information reveals. DoorDash — Shares plunged 15% after the supply app reported combined outcomes for the third quarter . The corporate posted earnings of 55 cents per share, falling under Wall Road’s estimate of 69 cents per share, LSEG information reveals. Nonetheless, DoorDash’s income got here in at $3.45 billion, topping analysts’ expectations of $3.36 billion. Duolingo — Shares of the language studying platform cratered greater than 17% even because it topped third-quarter income forecasts and raised its gross sales outlook. Income of $271.7 million within the third quarter, bested estimates of $260.3 million. The corporate now expects to ring up $1.028 billion to $1.032 billion in income this yr. Nonetheless, buyers had been involved that the corporate’s fourth-quarter bookings estimate was under expectations. — CNBC’s Sean Conlon, Christina Cheddar Berk and Fred Imbert contributed reporting.

