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Qualcomm, Roku, Etsy and more

year (YEAR): Shares plunged in extended trading after the company predicted a bigger-than-expected loss. Roku expects adjusted EBITDA of negative $135 million for the fourth quarter, more than three times what analysts expected. For the third quarter, revenue was $761.4 million, up 12% from a year ago, while average revenue per user rose 10% year-over-year to $44.25.

In its earnings release, Roku outlined plans to slow hiring, writing: “We will continue to slow headcount and OpEx growth in response to the macro environment, while continuing to make disciplined investments in our most strategic projects that will increase both our market penetration and our platform and long-term customer value.”

Qualcomm (QCOM): The chipmaker̵[ads1]7;s first-quarter guidance fell short of Wall Street estimates, putting pressure on shares in extended trading. Qualcomm sees fiscally adjusted first-quarter earnings of $2.25 to $2.45 per share on revenue of $9.2 billion to $10 billion. Susquehanna International Group (SIG) senior equity analyst Christopher Rolland told Yahoo Finance that Qualcomm’s forecast is the company’s “worst guide in years.” Qualcomm also warned of a rapid weakening in demand and increased inventory levels.

Etsy (ETSY): Shares jumped after hours after the company’s revenue and gross merchandise sales (GMS) exceeded expectations. Third-quarter revenue was $594.5 million, up 12% from a year ago, while gross merchandise sales reached $3 billion.

Booking inventory (BKNG): The summer travel boom helped drive Booking’s third-quarter results as the company more than doubled profits from a year ago. Revenue of 6.05 billion dollars exceeded analysts’ expectations. Booked room nights in the third quarter increased by 31%. In the earnings release, CEO Glenn Foge noted “improvement in space overnight trends” despite growing concerns about macroeconomic headwinds.

Robin Hood (HOOD): Shares rose 3% in extended trading after Robinhood reported a smaller-than-expected loss. Net loss was $175 million, or 20 cents per share, compared with a net loss of $295 million last quarter. The turnover was 361 million dollars, which exceeded expectations.

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