AMD, Paycom Software, First Solar, WeWork, Yum China, and More Stock Market Movers

Stock futures traded slightly lower Wednesday with the Federal Reserve expected to leave interest rates unchanged at the conclusion of its two-day policy meeting.

Shares of Paycom Software plunged 34% after the provider of cloud-based human capital management software said it expects fourth-quarter revenue of $420 million to $425 million, below analysts’ estimates of $452 million. Paycom also forecast adjusted earnings before interest, taxes, depreciation and amortization of $169 million to $174 million versus expectations of $189 million.

Match Group , the parent company of online dating platforms Tinder, Hinge, and OkCupid, fell 8% after saying it anticipates fourth-quarter revenue of $855 million to $865 million, below analysts’ estimates of $894.2 million. Match also said it expected revenue growth for the full year at the low end of its guidance range.

Yum China tumbled 12% after the owner of Pizza Hut, KFC, and other fast-food brands in China reported third-quarter earnings that came up short of estimates and said it had “observed softening consumer demand.”

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paycom’s stock plunges 25% as payroll company whiffs on earnings outlookCompany beats on earnings but misses on revenue with third-quarter results
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves after hours: Paycom, AMD, Yum China and moreThese are the stocks posting the largest moves in extended trading.
Source: CNBC - 🏆 12. / 72 Read more »

Paycom’s stock plunges 30% as payroll company whiffs on earnings outlookPaycom expects 10% to 12% revenue growth in 2024, while analysts were calling for a 21% jump
Source: MarketWatch - 🏆 3. / 97 Read more »