Stocks making the biggest moves after hours: Snap, Gap and more

Stock Market

In this article

People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021.
Patrick T. Fallon | AFP | Getty Images

Check out the companies making headlines after the bell

Snap — Shares of the social media platform jumped more than 6% in volatile after-hours trading after the company’s first-quarter earnings report. Snap missed Wall Street expectations for profit and sales, and forecast disappointing revenue growth in the current quarter. However, daily users grew 18% annually, which was more than expected.

Gap — Shares of the retailer plunged 10% after the company announced the CEO of its Old Navy division, Nancy Green, is leaving the business this week. In light of execution challenges within its Old Navy business, Gap also slashed its outlook for net sales growth in fiscal 2022.

FirstEnergy — Shares of the energy company dipped more than 1% in extended trading after the firm reported first-quarter earnings that came in lower than expected. FirstEnergy reported adjusted operating earnings per share of 60 cents, missing the 62 cents estimate per Refinitiv. Its revenue beat expectations, however.

PPG Industries — The materials company saw its shares rise about 1% in after-hours trading after better-than-expected quarterly results. PPG posted earnings of $1.37 per share, beating Refinitiv’s estimate of $1.11 per share. The company reported revenue of $4.3 billion, also topping expectations.

Articles You May Like

Ethereum derivatives look bearish, but traders believe the ETH bottom is in
$8.5 Million Santa Fe Mansion Honors New Mexico’s Classic Architecture
Port Authority plans to increase capital spending next year
The Best Baby Furniture And Decor As Seen At Prego Expo LA
EU demands rapid response to Biden’s $369bn green subsidy package