Check out the companies making headlines in after-hours trading: Applied Materials — Shares fell nearly 5% in extended trading. The maker of semiconductor manufacturing equipment reported $7.10 billion in revenue in its fiscal second quarter, which was slightly lower than analysts’ expectations of $7.13 billion, according to LSEG. Semiconductor revenue of $5.26 billion for the quarter fell short of estimates of $5.31 billion. Take-Two Interactive Software — The video game company saw a 2% decline in shares after issuing weaker-than-expected guidance for full-year bookings. The company said it expects between $5.9 billion and $6 billion, while StreetAccount consensus estimates sought $7.82 billion. For the fiscal first quarter, Take-Two projected bookings between $1.25 billion and $1.30 billion, versus estimates of $1.28 billion. Cava Group — Shares of the Mediterranean restaurant chain fell 4%. Cava’s full-year guidance for adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, came in at $152 million to $159 million, short of the FactSet consensus call for $159.7 million. Revenue in the first quarter surpassed estimates, coming in at $332 million, versus the $327 million consensus estimate, per LSEG. Doximity — The networking platform for health-care professionals saw its stock tank 25% on weak guidance. Doximity expects adjusted EBITDA to range between $71 million and $72 million, while StreetAccount consensus estimates sought $74 million. The company’s full-year outlook also missed expectations.
The Applied Materials logo on Dec. 17, 2024.
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Check out the companies making headlines in after-hours trading:
Applied Materials — Shares fell nearly 5% in extended trading. The maker of semiconductor manufacturing equipment reported $7.10 billion in revenue in its fiscal second quarter, which was slightly lower than analysts’ expectations of $7.13 billion, according to LSEG. Semiconductor revenue of $5.26 billion for the quarter fell short of estimates of $5.31 billion.
Take-Two Interactive Software — The video game company saw a 2% decline in shares after issuing weaker-than-expected guidance for full-year bookings. The company said it expects between $5.9 billion and $6 billion, while StreetAccount consensus estimates sought $7.82 billion. For the fiscal first quarter, Take-Two projected bookings between $1.25 billion and $1.30 billion, versus estimates of $1.28 billion.
Cava Group — Shares of the Mediterranean restaurant chain fell 4%. Cava’s full-year guidance for adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, came in at $152 million to $159 million, short of the FactSet consensus call for $159.7 million. Revenue in the first quarter surpassed estimates, coming in at $332 million, versus the $327 million consensus estimate, per LSEG.
Doximity — The networking platform for health-care professionals saw its stock tank 25% on weak guidance. Doximity expects adjusted EBITDA to range between $71 million and $72 million, while StreetAccount consensus estimates sought $74 million. The company’s full-year outlook also missed expectations.
Check out the companies making headlines before the bell: Nike — The sportswear stock rose 2% after a filing showed that Apple CEO Tim Cook bought nearly $3 million worth of Nike shares. Dynavax Technologies — The biopharmaceutical stock surged 38% after Sanofi said it will acquire Dynavax in a deal with a total equity […]
Check out the companies making headlines in midday trading. ServiceNow — Shares of the software company fell nearly 3% after it said it would acquire cybersecurity startup Armis for $7.75 billion . The deal, which should close next year, will bolster ServiceNow’s cybersecurity offerings. Mining stocks — With prices of gold, silver and copper at […]
Key Points Members of the Federal Open Market Committee are factoring rising labor productivity in their economic forecasts. In a long-run “unbounded growth” scenario where AI is fully developed, up to 23% of workers may lose employment and labor productivity increases by as much as three to four times, according to a May 2025 research […]
