Advanced Micro Devices traded 3% higher after the company's quarterly results were supported by the chip sales for data centers and specialty chips in its recent acquisition Xilinx. 

Advanced Micro Devices said the company swung to a quarterly loss in the fourth quarter on $1.4 billion amortization charge for intangibles linked to Xilinx acquisition.

AMD said revenue in the fourth quarter increased 16% to $5.6 billion and net income dropped 98% to $21 million from $974 million and diluted EPS dropped to 1 cent from 80 cents a year ago.

Corning Inc declined 4% after the company reported a sharp fall in earnings largely on the account of restructuring charges and financial hedging costs. 

Corning said revenue in the Q4 decreased 7% to $3.4 billion and the company swung to a net loss of $36 million from a profit of $287 million and diluted EPS was (0.04) compared to 56 cents a year ago.

Corning Inc said fourth quarter loss was primarily driven by restructuring charges and non-cash, mark-to-market adjustments associated with the currency hedging contracts and yen denominated debt.

Franklin Resources, Inc declined 1% after the investment management company said assets under management declined 12% to $1.4 trillion and long-term net asset outflow was $10.9 billion compared to inflow of $24.1 billion a year ago.    

Franklin Resources said revenue in the fiscal first quarter 2023 rose 1% to $1.97 billion and net income dropped 29% to $165 .6 million and diluted EPS fell to 32 cents from 46 cents a year ago.

Match Group dropped 9% after the online dating sites operator reported a decline in paying subscribers. 

Match Group said fourth quarter revenue declined 2% to $786 million and swung to a net income of $84.5 million from $168.7 million and diluted EPS was 31 cents from 60 cents a loss.

Match Group said Tinder direct revenue was flat over the prior year quarter with a 3% increase in paying subscribers to 10.8 million and fell 1% to 16.1 million across all sites.

Moody's Corp gained 2.2% after the bond rating agency said weak financial market conditions negatively impacted its quarterly results.  

Moody's Corp said revenue in the fourth quarter fell 16% to $1.3 billion and net income plunged 71% to $246 million and diluted EPS dropped to $1.34 from $2.28 a year ago.

"Credit market activity remained muted across all  sectors due to ongoing market uncertainty, central  bank actions, high levels of corporate cash, as well  as persistent inflationary and recessionary  concerns," the company said in the earnings release. 

Moody's Corp board increased quarterly dividend by 10% to 77 cents a share payable to shareholders on record February 24 on March 17.

PayPal Inc rose more than 3% after the payment processor said it plans to lower its staffing levels. 

PayPal Inc said it plans to lay off 2,000 or about 7% of its staff amid rising economic uncertainties.

Peloton Interactive Inc jumped 5% after the fitness equipment maker reported quarterly sales improvement and narrower loss. 

Revenue in the fiscal second quarter ending in December fell 30% from a year ago but rose 29% from the previous quarter to $793 million. 

Net loss in the quarter shrank 24% to $335.4 million from $439.4 million and diluted loss per share fell to 98 cents from $1.39 a year ago. 

Sanmina Corp said revenue in the fiscal first quarter 2023 ending in December rose 41% to $2.4 billion and net income soared 51% to $88.4 million and diluted EPS rose to $1.48 from 89 cents a year ago.

Snap Inc declined as much as 15% after the social media company reported a decline in revenue for third quarter in a row and sees no end in sight for the recent advertising revenue weakness. 

Snap said daily active users increased 17% to 375 million including 2 million paying subscribers in the fourth quarter and the company generated a second full-year of free cash flow of $55 million.

Snap said Q4 revenue rose 0.1% to $1.3 billion and the company swung to a net loss of $288 million from a profit of $23 million and diluted EPS was 18 cents loss compared to 1 cent profit a year ago.