Check out the companies making headlines in after-hours trading. Snap — The social media company surged 26% after it unveiled a $500 million buyback program and issued strong fourth-quarter revenue guidance. On top of that, Snap said Perplexity AI will pay it $400 million to integrate the AI startup’s search capabilities into Snapchat. Arm Holdings — Chip designer Arm Holdings’ stock rose nearly 3% after beating expectations on the top and bottom lines. Arm earned 39 cents per share, excluding items, on revenue of $1.14 billion. Analysts surveyed by LSEG had expected Arm to earn 33 cents per share on revenue of $1.06 billion. The company’s third-quarter forecast also outpaced estimates. Figma — AI software company Figma saw its shares rise nearly 6% after it beat third-quarter revenue estimates and raised its forecast for the year. Figma reported revenue of $274 million, topping the $265 million estimate, per LSEG. The firm now expects revenue of $1.04 billion and $1.05 billion in fiscal 2025, up from its earlier forecast of $1.02 billion to $1.03 billion. Lyft — The ride hailing stock climbed nearly 3% following an earnings beat. Lyft earned 11 cents per share. Analysts expected a profit of 8 cents per share, per LSEG. e.l.f. Beauty — The beauty brand’s stock plunged more than 22% after reporting mixed fiscal second-quarter results. …
