Stocks making the biggest moves after hours: Arista Networks, CVS Health, AMD, Super Micro, Skyworks Solutions & more
HS 03/11/2026
Here are some of the companies making headlines in extended trading. CVS Health — Shares were marginally higher after The Wall Street Journal reported, citing people familiar with the matter, that CVS would split off its retail pharmacy business . The company will divide into two publicly traded companies, with the breakup expected in the first half of 2028, the Journal reported. Duolingo — The language learning software company surged 11% after reporting third-quarter revenue of $309 million. That topped an LSEG consensus of $303 million. Monthly active users totaled 153 million for the quarter, exceeding a 149 million forecast. Adjusted EBITDA margin also topped expectations. Alight — The employee benefits consultancy popped 17% after raising its outlook for the full-year 2026. Alight sees revenue in a range of $2.115 billion to $2.125 billion, versus the FactSet consensus estimate of $2.09 billion. Adjusted EBITDA guidance of $410 million to $420 million also beat the Street’s estimates of $404.4 million. Avis Budget Group — The car rental agency tumbled more than 7% on mixed third-quarter results. Avis earned $5.15 a share, a steep decline from $10.11 per share in the year-earlier period. Revenue clocked in at $3.44 billion, slightly ahead of a FactSet consensus of $3.42 billion. Advanced Micro Devices — The chipmaker jumped 7% after reporting stronger-than-expected third-quarter earnings . Adjusted earnings of $2.09 per share topped estimates for $1.95, according to analysts polled by LSEG. Revenue forecasts for the current quarter also came in above estimates. Toast — The restaurant management software company slipped 4% despite delivering third-quarter financials quarter that topped estimates, according to FactSet. Toast also said CFO Elena Gomez will leave the company at the end of 2026 and will be replaced by senior vice president of finance Michael Senno. Skyworks Solutions — The provider of wireless networking services slumped about 16% after guidance for the current quarter disappointed the Street. Skyworks anticipates adjusted earnings of about $1.25 per share and revenue of $1.80 billion to $1.90 billion in the fiscal first quarter, short of LSEG consensus estimates of $1.50 a share and $1.99 billion. Skyworks completed its combination with Qorvo in early October, and the first quarter marks the first combined quarter for the two. Super Micro Computer — Shares of the server company jumped more than 9% after Super Micro earnings per share and revenue beat Wall Street estimates. For fiscal year 2027, the company expects net sales to range between $72 billion and $82 billion, above the LSEG consensus for $69.17 billion. Arista Networks — The cloud networking company gained 12% after current-quarter guidance topped estimates. Arista sees fourth-quarter earnings of $1.26 to $1.30 per share on revenue of $3.9 billion to $4.0 billion. Analysts surveyed by LSEG were looking for $1.15 per share and $3.60 billion. Block — The fintech stock rallied more than 6% after Block posted third-quarter earnings and revenue that exceeded expectations, and raised guidance for the full year ending December. Adjusted earnings of $1.13 per share topped the $1.03 LSEG consensus estimate, while revenue of $6.72 billion beat the $6.59 billion consensus. Freshworks — The software stock tumbled about 6% even after the customer support ticketing company posted stronger-than-expected third-quarter results and full-year guidance. Freshworks earned an adjusted 22 cents per share on revenue of $245.4 million in the latest quarter, above earnings of 18 cents on revenue of $245.1 million analysts polled by FactSet were anticipating. The stock has recently outperformed, rallying more than 20% over the past three months. — CNBC’s Sarah Min, Davis Giangiulio, Ananya Chetia and Fred Imbert contributed reporting.
