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$AppLovin(APP.US) is soaring more than 20% after hours following a blowout Q3 📈Revenue jumped 55% to a record $2.19 bil…

$AppLovin(APP.US) is soaring more than 20% after hours following a blowout Q3 📈

Revenue jumped 55% to a record $2.19 billion, net income rose 72% to $1.44 billion, and the company ran an 84% adjusted EBITDA margin

The rest of tonight's earnings tape is mostly red

$Qualcomm(QCOM.US) is down 7% as handset chip revenue fell 26% to $5.14 billion, even with automotive up 89% to a record $1.99 billion

$Snap(SNAP.US) is down 11% after missing on revenue ($1.72B vs $1.73B) and daily users (495M vs 499M), and it plans to stop reporting daily users in 2027

$Cava(CAVA.US) is down 13%, $Arm(ARM.US) is down 1.5%, while $Coherent Corp.(COHR.US) and $ELF Beauty(ELF.US) are up about 5%

A day after the Dow's best day since April 2025, earnings are back in the driver's seat, and the bar for anything short of a clean beat is clearly high

Source: StockMarket.News

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