Stock futures pointed to a mostly weaker start for Wall Street on Tuesday after equities surged Monday, with the Dow Jones Industrial Average gaining more than 500 points, and the S&P 500 rising 1.2%. Weaker data on Chinese manufacturing and continued tensions in the Middle East dented sentiment.Arista Networks rose 9.8% in premarket trading after the networking-equipment provider reported adjusted earnings in the third quarter of $1.83 a share, better than analysts’ estimates of $1.58.
Pinterest reported third-quarter adjusted earnings of 28 cents a share, topping Wall Street estimates of 21 cents. Revenue of $763.2 million was up 11% from a year earlier and also was better than forecasts. The social-media site said it expects fourth-quarter revenue to increase between 11% and 13%. Shares rose 15% in premarket trading.
VF Corp. missed fiscal second-quarter earnings estimates and pulled its guidance for fiscal 2024, saying that efforts to turn around sales of its Vans brand have been faltering. The stock fell 7.4%. Anheuser-Busch InBev maintained its full-year guidance despite a hit to U.S. sales as some drinkers boycotted Bud Light. Revenue in the U.S. declined by 14% in the third quarter as AB InBev’s flagship American brand Bud Light faced facing a conservative boycott over its marketing partnership with transgender influencer Dylan Mulvaney. American depositary receipts of AB InBev rose 3.7%.
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Stocks making the biggest moves after hours: Pinterest, Wolfspeed, Arista Networks and moreThese are the stocks posting the largest moves in extended trading.
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Wolfspeed's stock gains as company notches smaller loss than expectedSilicon-carbide company also gives a better-than-expected outlook on the bottom line
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Wolfspeed's stock rallies as company notches smaller loss than expectedSilicon-carbide company also gives a better-than-expected outlook on the bottom line
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Lattice stock sinks 13% after company’s weaker outlookClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
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Arista Stock Jumps as Earnings Top EstimatesInvestors had worried about the outlook after Meta Platforms issued a more conservative capital-spending forecast than expected.
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Pinterest beats third-quarter estimates on ad market recoveryPinterest beats third-quarter estimates on ad market recovery
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