Technicians work on machines at the Applied Materials facility in Santa Clara, California.
David Paul Morris | Bloomberg | beautiful images
Check out the companies that make headlines after the Thursday bell:
Applied Materials – Applied Materials shares rose 1.2% in after-hours trading based on third-quarter financial results, beating analysts̵7; expectations. The company reports earnings per share of $ 1.06 on $ 4.4 billion in revenue. Analysts polled by Refinitiv expect returns of 95 cents per share on revenue of $ 4.18 billion. Managing Director Gary Dickerson said: “By addressing customer highest value issues, Applied is doing better than it is today and is positioned to outgrow our markets in the next few years”.
Baidu – Baidu shares fell about 5% in overtime after the Chinese internet company reported second-quarter numbers that surpassed analysts’ expectations. Baidu announced adjusted earnings of CNY 14.73 per share, much higher than Refinitiv’s estimate of CNY 9.60 per share. Revenue for the quarter reached 26.03 billion yuan, and analysts expected revenue of 25.71 billion yuan
Myriad Genetics – Utah-based molecular diagnostics company saw its stock rise 1.5% after ringing in mixed fourth-quarter results. Myriad reported a loss of 31 cents per share. That’s better than FactSet’s FactSet estimate of a loss of 47 cents per share. Meanwhile, sales were lower than expected of $ 93.2 million. CEO R. Bryan Riggsbee said: “After a significant drop in test volume at the end of Q3 and early Q4 due to COVID-19 out-of-society policies, we have seen a recovery. significant on test volume trends throughout this quarter.
Farfetch – Shares of the online luxury retailer rose more than 5% after the company posted a smaller than-expected loss in the second quarter. Farfetch reported a loss of 20 cents per share. Analysts polled by FactSet are predicting a loss of 29 cents per share. The company’s revenue for the quarter reached $ 364.7 million, much higher than forecasts of $ 326.9 million.
EDIT: This article was updated to adjust Baidu’s earnings and revenue for the second quarter.