Afterhours Stock Roundup: Starbucks, Reddit, Pinterest, Intel

Dow Jones10-30

Intel (INTC): The chip maker logged a lower profit in the third quarter and guided for lackluster fourth-quarter earnings, sending shares sliding more than 19% after-hours.

Mondelez International $(MDLZ)$: The snacks company recorded higher revenue and profit fueled by growth outside of its core North America and Europe business.

Amazon.com (AMZN): The online behemoth's net income topped $20 billion, but free cash flow plunged. Shares dropped about 6%.

Starbucks (SBUX): The coffee chain recorded higher same-store sales as its U.S. turnaround plan showed progress. But overall revenue fell and missed expectations, pressured by changes in its China business. Shared dropped almost 2%.

Gilead Sciences (GILD): The stock rose about 2.6% afterhours. The biopharmaceuticals company lifted its sales guidance after strong sales from the company's HIV portfolio boosted revenue.

Sandisk (SNDK): The data storage player's shares eased back about 2%, depsite it posting net income of $8.1 billion, up dramatically from $112 million a year earlier.

Reddit (RDDT): The online forum provider logged a jump in third-quarter sales, but slower-than-expected growth in its user base disappointed investors. The stock slumped 16% in postmarket trading.

Pinterest (PINS): The social-media company's quarterly results and outlook came in below Wall Street's expectations. Investors sent the stock 11% lower.

 

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