AFTERMARKET MOVES | Arista, Super Micro Jump on Earnings Beats; Skyworks Slumps on Weak Guidance; CVS to Split

According to CNBC, several companies made notable moves in extended trading. CVS Health shares were slightly higher after The Wall Street Journal reported the company would split off its retail pharmacy business into two publicly traded companies, with the breakup expected in the first half of 2028. Duolingo surged 11% after third-quarter revenue of $309 million topped an LSEG consensus of $303 million, with monthly active users reaching 153 million against a 149 million forecast. Alight jumped 17% after raising its full-year 2026 outlook, seeing revenue of $2.115 billion to $2.125 billion versus the FactSet consensus of $2.09 billion. Avis Budget Group tumbled more than 7% on mixed third-quarter results, earning $5.15 a share, down sharply from $10.11 a year earlier, while revenue of $3.44 billion slightly beat a $3.42 billion consensus. Advanced Micro Devices rose 7% after adjusted earnings of $2.09 per share beat estimates of $1.95, with revenue forecasts for the current quarter also above estimates. Toast slipped 4% despite third-quarter results topping estimates, and said CFO Elena Gomez will leave at the end of 2026, replaced by senior vice president of finance Michael Senno. Skyworks Solutions slumped about 16% after guiding fiscal first-quarter adjusted earnings of about $1.25 per share and revenue of $1.80 billion to $1.90 billion, short of LSEG consensus estimates of $1.50 a share and $1.99 billion. Super Micro Computer jumped more than 9% after earnings and revenue beat Wall Street estimates, with fiscal year 2027 net sales expected to range between $72 billion and $82 billion, above the LSEG consensus of $69.17 billion. Arista Networks gained 12% after fourth-quarter guidance of $1.26 to $1.30 per share on revenue of $3.9 billion to $4.0 billion topped LSEG estimates of $1.15 per share and $3.60 billion. Block rallied more than 6% after third-quarter adjusted earnings of $1.13 per share beat the $1.03 consensus and revenue of $6.72 billion exceeded the $6.59 billion consensus, with the company raising full-year guidance. Freshworks tumbled about 6% despite third-quarter adjusted earnings of 22 cents per share on revenue of $245.4 million, above FactSet estimates of 18 cents and $245.1 million.