US stocks finished higher on Tuesday, with the Dow Jones adding over 167 points, but things turned in a different direction after the bell.
The numbers fell short of market expectations , including a big earnings miss and same-store sales just below estimates.
Adjusted earnings per share (EPS) was US$1.33 against consensus expectations of US$1.63 a share. Revenues were US$1.13bn versus US$1.14bn expectations.Juniper Networks Inc (NYSE:JNPR), which lost 6.54% to US$24.45 after the group said it was realigning its staff, while offering lower-than-expected guidance for the current quarter.
Elsewhere, communications giant and closely folowed AT & T Inc (NYSE:T) saw shares slump 1.23% to US$34.43 after the company posted third quarter earnings, which were just shy of analysts' expectations.
Shares of Capital One Financial Corp (NYSE:COF) rose 1.93% to US$91.25 as the firm said earnings and revenue for the third quarter had beaten Wall Street expectations.
Finally, chip producer Advanced Micro Devices Inc (NASDAQ:AMD) saw shares tank 9.61% to US$12.88 even as the company posted higher-than-expected results for the third quarter, but prediected a first revenue drop in seven quarters.
The underwhelming forecast was picked upon by the market, despite a host of launches this year such as the Epyc processors for servers and a new range of Ryzen desktop processors.