Four companies reported third-quarter results or plans that weighed on their shares: JBS and Rocket Lab posted weaker-than-expected outcomes, Hims & Hers Health narrowed its sales outlook and reported an unexpected loss, while Skydance outlined at least $6 billion in annual cost cuts.
JBS cited a difficult operating environment across several business units as third-quarter profit fell. Its stock dropped 7.3% to $12.16 in after-hours trading.
Hims & Hers Health’s shares slipped 2.8% to $22.30 after the company narrowed its sales outlook and reported an unexpected third-quarter loss, driven by higher costs.
Skydance said it plans to cut at least $6 billion in annual costs following its deal to combine Paramount and Warner Bros. Discovery. Third-quarter revenue fell short of analyst expectations, and shares declined 2.1% to $8.52 after Monday’s closing bell.
Rocket Lab reported a wider-than-expected third-quarter loss. Its shares fell 6.6% to $55.00.
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