Check out the companies making headlines during after-hours hours. AMD — Semiconductor stocks fell 1% after Amazon announced in a securities filing that it liquidated its stake in AMD in the third quarter. Otherwise, the company reported better-than-expected third-quarter profits, with adjusted earnings of $1.20 per share and revenue of $9.25 billion. Analysts surveyed by LSEG had expected earnings of $1.16 per share and revenue of $8.74 billion. Pinterest — The image-sharing platform plunged 18% after Pinterest reported disappointing third-quarter results, with adjusted profit of $1.05 billion, or 38 cents per share. Analysts polled by LSEG had expected earnings of 42 cents per share and revenue of $1.05 billion. Super Micro Computer — AI stock fell 10% after Super Micro reported a disappointing first-quarter earnings forecast. The server and computer infrastructure company reported adjusted profit of 35 cents on revenue of $5.02 billion. Analysts polled by LSEG had expected earnings of 40 cents a share and revenue of $6 billion. For the second quarter, the company expects adjusted earnings of 46 cents to 54 cents per share. This fell short of the consensus estimate of 61 cents per share. Hinge Health — Shares of the company, which provides virtual physical therapy services, fell 5% despite third-quarter revenue of $154 million, beating LSEG’s consensus estimate of $142 million. Amgen — The biotech stock rose less than 1% after Amgen reported third-quarter earnings of $5.64 per share on an adjusted basis on revenue of $9.56 billion. This exceeded analyst estimates compiled by LSEG for sales of $8.97 billion and earnings of $5.01 per share. Rivian Automotive — Shares of the electric vehicle maker rose 4% after the company reported better-than-expected third-quarter results. Rivian posted an adjusted loss of 65 cents per share on revenue of $1.56 billion. Analysts had expected a loss of 72 cents per share on $1.5 billion, according to LSEG. Toast — Shares of the restaurant technology platform rose more than 7% after the company announced a profit of 16 cents on revenue of $1.63 billion in the third quarter. The company now expects adjusted EBITDA to be in the range of $610 million to $620 million, an upward revision from its previous forecast of $565 million to $585 million. Astera Labs — The maker of semiconductor-based connectivity solutions for cloud and AI infrastructure fell more than 9% despite better-than-expected third-quarter results. Astera Labs’ earnings, excluding items, were 49 cents per share, beating the FactSet consensus estimate of 39 cents per share. Revenue was $230.6 million, exceeding expectations of $206.5 million. Cava Group — Shares of the Mediterranean restaurant chain fell more than 6% after the company missed third-quarter sales expectations and cut its full-year same-store sales forecast for the second time this year. The company said it expects full-year sales at stores open for at least a year to increase 3% to 4%, down from its previous forecast of 4% to 6% growth. Arista Networks — After Arista Networks released a lackluster third-quarter earnings forecast, its stock fell 10%, even though its third-quarter results beat expectations. The network equipment maker expects fourth-quarter sales of $2.3 billion to $2.4 billion, lower than its $2.33 billion estimate, LSEG said. Live Nation — Entertainment stocks fell more than 5% after the entertainment company’s third-quarter revenue fell short of analysts’ expectations, coming in at $8.5 billion compared to the $8.61 billion expected by analysts surveyed by StreetAccount. The company’s adjusted operating profit was also in line with expectations at $1.03 billion. Axon Enterprises — The manufacturing stock plunged about 21% after third-quarter profit fell short of expectations. The company’s adjusted earnings were $1.17 per share, below the $1.52 expected by analysts surveyed by FactSet. However, revenue for the period exceeded expectations, coming in at $711 million versus the consensus estimate of $704.8 million. —CNBC’s Christina Cheddar Berk and Sean Conlon contributed to this report.
