Stocks making the biggest moves after hours: Pinterest, Beigene, Arista Networks and more

Inspect out the companies making headlines after the bell:

Shares of Pinterest plummeted 20% after the bell following the assemblage’s third-quarter revenue miss. The company pulled in revenue of $279.7 million, while analysts had forecast $280.6 million. Pinterest paled earnings of 1 cent per share, topping the 4 cent loss per share expected, according to Refinitiv.

Pinterest reported 322.8 million monthly energetic users, exceeding the 312 million expected, according to analysts polled by FactSet. Average revenue per user level just shy of estimates, however, coming in at 90 cents compared to the 91 cents per user expected.

Shares of Beigene skyrocketed profuse than 30% after Amgen announced it is investing $2.7 billion in the Chinese biotech firm. Under the all-cash handle, Amgen will pay BeiGene shareholders $174.85 per share, a 25% premium to BeiGene’s closing price on the Nasdaq on Wednesday. Amgen’s appropriates, meanwhile, remained unchanged after the bell, though reached a year-to-date high during mid-day trade.

Arista Networks servings plunged more than 20% after the company said it expects “a sudden softening with a specific cloud titan buyer” for its fourth quarter. Arista sees fourth-quarter revenue between $540 million and $560 million, short of the $686 million watched by analysts surveyed by Refinitiv.

The guidance miss comes despite the computer network company’s stronger-than-expected earnings for its third location. Arista posted earnings of $2.69 per share on revenue of $654 million, exceeding the earnings of $2.41 per share and takings of $653 million analysts expected, according to Refinitiv.

Shares of Qorvo spiked more than 8% after the players issued strong third-quarter guidance and reported a second-quarter earnings beat on the top and bottom line. The chip-maker expects gain next quarter between $840 million and $860 million, exceeding the $758 million Wall Street required, according to Refinitiv. The company cited strong handset demand supported by 5G volume increases in its press release. Qorvo also told a common stock repurchase of up to $1 billion.

In its second quarter, Qorvo posted earnings of $1.52 per share excluding determined items on revenue of $807 million. Analysts had forecast earnings of $1.30 per share and revenue of $754 million, concerting to Refinitiv consensus estimates.

Avis Budget shares tumbled more than 10% after the company lowered net income outlook and reported weaker-than-expected third-quarter earnings. The car rental company reported earnings of $2.96 per share on revenue of $2.75 billion, capitulating short of the $3.64 earnings per share and $2.85 billion in revenue analysts expected, according to Refinitiv.

Avis also reduced its full-year revenue outlook to between $9 billion and $9.2 billion from its initial $9.2 billion to $9.5 billion cooking- stove. Wall Street expected full-year revenue of $9.21 billion, according to analysts polled by Refinitiv.

U.S. Steel allocates jumped more than 4% during extended trading after the company’s third-quarter earnings beat. U.S. Grit ones teeth reported a loss of 21 cents per share excluding certain items, which beat the 29 cent breakdown per share Wall Street anticipated. Revenue came in at $3.07 billion, edging higher than the $3.05 billion needed, according to Refinitiv.