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By Ben Glickman
Pinterest’s top and bottom line results topped Wall Street’s estimates in the third quarter. The company swung to a profit and grew revenue despite a weaker advertising market. Shares rise 14%, to $28.60, after-hours.
Trex’s revenue rose 62% and its profit more than quadrupled in the third quarter as demand for its wood-substitute building products held up. The company’s higher sales and efficiencies in production boosted margins in the period. Shares rise 9.7%, to $60.66, after-hours.
Amkor Technology, a semiconductor packaging and test services company, said Monday that third-quarter profit and revenue both fell. The company guided for another quarterly drop in profit and revenue in the fourth quarter. Shares sink 16%, to $17.13, after-hours.
Write to Ben Glickman at [email protected]
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