Shares transferring massive after hours: PINS, CHGG, TTWO

Andrew Harrer | Bloomberg | Getty Photos

Take a look at the businesses making headlines after the bell

Pinterest — The social media inventory shed greater than 7% after income for the latest quarter fell wanting analysts’ expectations. Pinterest additionally shared steerage for the primary quarter that was lighter than anticipated and stated it expects gross sales to extend by “low single digits” versus the 6.9% progress charge anticipated by analysts.

Chegg — Chegg shares sank 20% in prolonged buying and selling after sharing weaker-than-expected first-quarter and full-year income steerage, in keeping with Refinitiv. The corporate cited financial uncertainties and subscriber progress considerations.

Skyworks Options — The semiconductor inventory gained 3% in prolonged buying and selling after saying a $2 billion share buyback program. It got here regardless of an earnings miss and light-weight steerage for the present quarter.

Take-Two Interactive – The online game firm noticed its shares fall 0.5% after it posted quarterly income that got here in under Wall Road’s expectations. Take-Two posted income of $1.38 billion, in comparison with estimates of $1.46 billion, in keeping with Refinitiv.

ZoomInfo – Shares of the software program firm dipped about 5% after hours following the corporate’s quarterly outcomes for the most recent interval. ZoomInfo reported better-than-expected earnings and income, in keeping with FactSet. Nevertheless, the corporate’s income outlook for the primary quarter and full yr have been decrease than what analysts anticipated

Spirit Airways — The airline inventory rose 3% throughout prolonged buying and selling after sharing stronger-than-expected fourth-quarter earnings. Spirit Airways reported per-share earnings of 12 cents, excluding gadgets. Analysts surveyed by FactSet had anticipated earnings of three cents a share.

Leggett & Platt — Shares of Leggett & Platt fell greater than 5% in prolonged buying and selling after fourth-quarter earnings got here in under analysts’ expectations, in keeping with FactSet. Full-year per-share earnings steerage for the house and car merchandise producer additionally fell wanting analysts’ expectations.

CNBC’s Tanaya Macheel and Darla Mercado contributed reporting

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