After-Market Movers: Qualcomm, e.l.f. Beauty, Lyft, and More
Post-Market Stock Movements: Qualcomm (NASDAQ:QCOM) rose 7% after reporting strong quarterly results and guidance. The company also announced a new $15 billion stock buyback program. e.l.f. Beauty (NYSE:ELF) saw an 11% increase following a revenue and profit report that exceeded expectations, along with an update to its guidance. Net sales reached $301.1 million, up 40%, thanks to strong performance in both retail and e-commerce channels, both in the U.S. and internationally. Lyft (NASDAQ:LYFT) surged 20% after its forecast for the fourth quarter exceeded consensus expectations. Competitor Uber (NYSE:UBER) also gained in value. SolarEdge Technologies (NASDAQ:SEDG) dropped 20% following disappointing guidance. AppLovin (NASDAQ:APP) rose 27% after its third-quarter results easily surpassed analyst estimates. Match Group (NASDAQ:MTCH) fell 12% after disappointing full-year revenue expectations. Zillow (Z) increased 11% after its third-quarter results exceeded forecasts. Total revenue for the third quarter was $581 million, which is a 17% increase from the same period last year, exceeding the midpoint of the company's guidance range by $28 million. Bumble (NASDAQ:BMBL) rose 2.4% after exceeding revenue forecasts.