After-hours movers: Snap and Match sinks on weak outlooks, AMD gains on EPS

After-Hours Stock Movers:

Snap (NYSE: SNAP) 13% LOWER; reported Q4 EPS of $0.14, $0.03 better than the analyst estimate of $0.11. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.3 billion. For Q1/23, the company expects DAUs in the range of 382-384 million. On the monetization side, the company anticipates that the operating environment will remain challenging, as it expects the headwinds faced over the past year to persist throughout Q1.

Match Group (NASDAQ: MTCH) 7% LOWER; reported Q4 EPS of $0.30, $0.16 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $786 million versus the consensus estimate of $786.89 million. Match Group sees Q1 2023 revenue of $790-800 million, versus the consensus of $816 million.

Electronic Arts (NASDAQ: EA) 7% LOWER; reported Q3 EPS of $0.73, versus the consensus of $0.50. Revenue for the quarter came in at $1.88 billion. Net bookings for the quarter were $2.342 billion, versus the consensus estimate of $2.48 billion. Electronic Arts sees FY2023 revenue of $7.25-7.35 billion. Electronic Arts sees FY2023 net bookings of $7.07-$7.17 billion, versus the consensus of $7.76 billion. Electronic Arts sees Q4 net bookings of $1.675-$1.775 billion, versus the consensus of $2.22 billion.

Western Digital (NASDAQ: WDC) 6% LOWER; reported Q2 EPS of ($0.42), $0.28 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $3.11 billion versus the consensus estimate of $2.99 billion. Western Digital sees Q3 2023 EPS of ($1.70)-($1.40), versus the consensus of ($0.30). The company also announced that funds managed by affiliates of Apollo Global Management, Inc. led the purchase of $900 million of convertible preferred stock of Western Digital, along with Elliott Investment Management L.P. who also invested in the convertible offering.

Stryker (NYSE: SYK) 4% HIGHER; reported Q4 EPS of $3.00, $0.16 better than the analyst estimate of $2.84. Revenue for the quarter came in at $5.2 billion versus the consensus estimate of $4.96 billion. Stryker sees FY2023 EPS of $9.85-$10.15, versus the consensus of $9.86.

Advanced Micro Devices, Inc. (NASDAQ: AMD) 3% HIGHER; reported Q4 EPS of $0.69, $0.02 better than the analyst estimate of $0.67. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.52 billion. Advanced Micro Devices, Inc. sees Q1 2023 revenue of $5-5.6 billion, versus the consensus of $5.48 billion.

Bumble Inc. (NASDAQ: BMBL) 3% LOWER; falls following Match's weak outlook.

Pinterest, Inc. (NYSE: PINS) 2% LOWER; falls following Snap's results and outlook

Meta Platforms, Inc. (NASDAQ: META) 1% LOWER; falls following Snap's results and outlook.

Alphabet Inc. (NASDAQ: GOOGL) 1% LOWER; falls following Snap's results and outlook.

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