Yahoo Finance anchor Josh Lipton outlines three of the top stories on Wall Street as part of Wednesday’s Market Minute, including Arista Networks’s (ANET) weak outlook, Trex Company (TREX) stock falling, and Dine Brands’s (DIN) stock buyback plan.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance’s Market Minute.
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It’s time for Yahoo Finance’s Market Minute. Arista Networks under pressure despite a beat on earnings and revenue for the third quarter. Tech company’s forecast for adjusted gross margin in the fourth quarter, falling short of estimates. Bloomberg Intelligence pointing to Arista’s outlook as a reflection of typical conservatism and the volatility of large AI deals.
00:33 Speaker A
And Trek shares sinking as it falls short of estimates for the third quarter earnings and revenue. Maker of decking products also forecasting net sales that missed expectations. Bank of America hitting that stock with a double downgrade, lowering its rating from buy to underperform.
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And lastly, Dine Brands reporting third quarter earnings and revenue that missed the street’s estimates, comparable sales from its Applebee’s brand also missing expectations. Dine Brands, however, plan to repurchase at least $50 million of shares over the next two quarters.
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That’s your Yahoo Finance Market Minute. Scan the QR code below to track the best and worst performing stocks of the trading session.
