Extended trading sessions brought sharp volatility to the markets as numerous prominent corporations issued quarterly financial results alongside forward-looking guidance that failed to meet Wall Street projections. While several companies surpassed recent earnings expectations, downbeat forecasts for upcoming quarters triggered substantial sell-offs across the technology, social media, and retail sectors.
Amazon shares slid more than 6% after third-quarter results missed expectations on both the top and bottom lines. The tech and e-commerce giant reported earnings of $1.89 per share on $201.94 billion in revenue, trailing consensus estimates from analysts polled by LSEG, who had anticipated $1.96 per share on $202.31 billion in revenue. Despite the miss, the company reaffirmed its full-year guidance for capital expenditures at $220 billion.
Intel experienced an even steeper decline, tumbling roughly 21% after issuing weaker-than-expected guidance for the current quarter. The semiconductor manufacturer projected adjusted earnings of 25 cents per share on revenue ranging from $15 billion to $16 billion. Those figures fell well short of LSEG survey projections, which had called for 43 cents per share in adjusted earnings and $17.1 billion in revenue.
Social media and forum platform Reddit dropped 18% as disappointing fourth-quarter guidance overshadowed a set of positive third-quarter results. Reddit forecasted fourth-quarter sales between $1 billion and $1.03 billion, missing the LSEG consensus estimate of $1.05 billion. Similarly, gaming platform Roblox shed 17% following weak fourth-quarter projections, anticipating bookings between $1.89 billion and $2.00 billion against an anticipated $2.00 billion, alongside projected adjusted EBITDA losses ranging from $70 million to $10 million.
Pinterest shares also fell 8% after missing third-quarter expectations on top and bottom lines. Pinterest reported earnings of 46 cents per share on $1.17 billion in revenue, compared with LSEG forecasts of 48 cents per share and $1.21 billion in revenue. The company’s fourth-quarter revenue projections of $1.425 billion to $1.475 billion also trailed the FactSet consensus estimate of $1.52 billion. Consumer engagement platform Twilio dropped 17% after the lower bound of its fourth-quarter earnings forecast missed expectations, with projected adjusted earnings of $1.48 to $1.53 per share falling short of the $1.49 per share expected by analysts surveyed by LSEG.
In the retail sector, Starbucks shares dipped 2% following mixed fourth-quarter results. The coffee chain posted $9.14 billion in revenue, missing the $9.23 billion estimate from analysts polled by LSEG, though its adjusted earnings beat expectations. While international business growth disappointed, domestic locations outperformed estimates for same-store sales growth.
Not all extended-trading news was negative. Rivian Automotive shares added 5% after the electric-vehicle manufacturer surpassed Wall Street’s third-quarter expectations amid rising production for its new entry-level R2 SUV. Rivian reported 19,248 vehicle deliveries from July through September, marking an increase over the previous year, and revised its 2026 guidance to reflect expected gains in deliveries, adjusted pretax earnings, and capital expenditures. Data storage device manufacturer Sandisk fell 3% despite reporting an earnings and revenue beat, delivering adjusted earnings of $49.51 per share versus the $46.22 estimate from LSEG, while also announcing an eight-for-one forward stock split.
Medical equipment maker Stryker slid 12% after cutting its full-year guidance. The company anticipates adjusted earnings between $14.80 and $14.90 per share, missing the FactSet consensus estimate of $14.95, while organic revenue growth is projected at 6.5% to 7% year over year, trailing analysts’ forecast of an 8.2% increase.
