Shake Shack's shares increased by 3.8% after reporting third-quarter adjusted earnings per share of 40 cents, surpassing the LSEG estimate of 35 cents, although revenue of $423 million fell short of the $426 million consensus.
Peloton Interactive's stock rose 7% following a fiscal first-quarter revenue of $559 million, exceeding expectations, despite earnings per share of 19 cents missing the 21 cents forecast. Wendy's shares remained stable after rejecting a $1.4 billion takeover offer from Trian Fund Management, which proposed $7.35 per share.
Unity Software's stock surged 22% after reporting third-quarter earnings of 25 cents per share on revenue of $622 million, significantly outperforming analyst expectations. Conversely, Qualcomm's shares dropped 9% despite a slight earnings beat, as its adjusted earnings guidance for the current quarter fell short of analyst estimates.
AppLovin's shares rallied 19% after reporting adjusted EBITDA of $1.84 billion, exceeding the $1.73 billion consensus. Expedia's stock fell over 6% after issuing weaker-than-expected guidance for the fourth quarter, anticipating revenue between $3.69 billion and $3.75 billion, slightly below the $3.74 billion expected.
Zillow's shares plummeted about 15% after missing key earnings and revenue metrics, reporting adjusted earnings of 55 cents per share and revenue of $724 million, both below expectations. Klaviyo's shares slid about 5% despite stronger-than-expected results, while MercadoLibre's stock fell 6% after earnings missed estimates despite revenue exceeding expectations.
Other notable movements included declines for Arm Holdings, Cava, Wolfspeed, Figma, HubSpot, Snap, Dutch Bros, and Fastly, with many companies facing challenges despite reporting earnings that beat estimates