YieldTerminal Pro's November 4 After-Close Map covers four companies that reported after the bell on Wednesday, the day after the midterms, then where the Qs and the S&P 500 ETF closed. The full video combines the six approved Shorts. Company figures come from SEC-filed releases; the charts are TradingView daily candles through the November 4 close. After-hours moves are shown only as a direction versus Wednesday's close.
AppLovin: net income up more than 72%
AppLovin's third-quarter net income grew more than 72% from a year earlier, to more than $1.4 billion, almost two-thirds of revenue. Revenue was more than $2.1 billion, up more than 55%. For the fourth quarter, the company guided to revenue of $2.365 billion to $2.395 billion. After hours, it traded above Wednesday's close.
Watch the AppLovin Short and read the company's SEC-filed release.
Qualcomm: an automotive record
Qualcomm's automotive chip revenue grew more than 88% in its fiscal fourth quarter, to a record of almost $2 billion. Total revenue was more than $10.3 billion, down more than 8% from a year earlier. The company guided to $10.4 billion to $11.2 billion of revenue next quarter. After hours, it traded below Wednesday's close.
Watch the Qualcomm Short and read the company's SEC-filed release.
Mercado Libre: revenue up, operating income down
Mercado Libre's third-quarter net revenue and financial income grew more than 45%, to more than $10.7 billion, but operating income fell more than 6%, to more than $675 million. Net income still rose, which the company attributed to a lower tax rate and smaller currency losses. Mercado Pago's total payment volume was more than $108 billion, up more than 52%. After hours, it traded below Wednesday's close.
Watch the Mercado Libre Short and read the company's SEC-filed release.
Snap: a net profit
Snap reported third-quarter net income of more than $56 million, after a loss a year earlier. Revenue was more than $1.72 billion, up more than 14%, and daily active users averaged about 495 million. For the fourth quarter, it guided to revenue of $1.950 billion to $1.985 billion. After hours, it traded below Wednesday's close.
Watch the Snap Short and read the company's SEC-filed release.
The Qs and the S&P 500 ETF
The Qs rose less than 1% on Wednesday and lagged the broader market. It was a fifth straight close under the 50-day average, but still above the 200-day; the nearest dated level above is the May 19 low.
The S&P 500 ETF rose more than 1.5%, its second straight gain, and closed about a quarter of a dollar under its 50-day average, the fourth straight close below that line. Last Wednesday's high sits less than 1% above, and the October 6 high, the top of the last six months, is less than 2% away.
Watch the Qs Short and the S&P 500 ETF Short.
What tied the evening together
Of the four reporters, only AppLovin traded above Wednesday's close after hours, while Qualcomm, Mercado Libre and Snap were lower. During the day, the S&P 500 ETF outpaced the Qs. Price levels here are educational only, not predictions.
Chart: TradingView daily candles through the November 4 close, with 50-day and 200-day simple moving averages.
Explore Daily Levels and the free weekly newsletter. Charts by TradingView. Company outlooks are the company's own. This is market research only, not a recommendation to buy or sell.