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Stocks we're watching: Meta, Best Buy, Etsy

In this article:
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Yahoo Finance Live anchor Seana Smith highlights three of the top stocks to watch in after-hours trading.

Video Transcript

[MUSIC PLAYING]

SEANA SMITH: Let's take a look at some of the afterhours movers that we have this afternoon. Meta, you can see the stock off just about 2%. Now they did fall short of analysts' expectations, missing by a wide margin when it came to 3Q revenue guidance, something that the Street is taking issue with. Revenue for the quarter, $28.82 billion, the first year over year revenue decline that Meta has ever reported. EPS, 2.46, falling short. Daily active users was a bright spot in this here at 1.97 billion.

Let's take a look at Best Buy lowering its guidance for its current quarter. The stock off just about 4% afterhours. They lowered their guidance because of weak demand for consumer electronics. This coming amid high inflation. Best Buy now expects comp sales of just-- to decline about 13%. We're seeing that reaction in the stock this afternoon.

Etsy, another name on our radar. Shares popping-- look at this-- up just about 15%, a beat on the top and bottom lines here for the company. Gross merchandise sales largely in line with expectations, right around 3 billion. The stock up just around 109 here afterhours.