Technicians work on machines at the Applied Materials facility in Santa Clara, California.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that make headlines after the clock Thursday:
Applied Materials – Shares of applied materials increased 1.2% in trading after hours on the back of fiscal third-quarter results that beat analysts’ expectations. The company reported earnings per share of $ 1.06 on revenue of $ 4.4 billion. Analysts surveyed by Refinitiv expected earnings of 95 cents per share on revenue of $ 4.18 billion. “By addressing the issues with the highest value to our customers, Applied is performing today and is positioned to grow faster than our brands over the next several years,” CEO Gary Dickerson said in a statement.
Baidu – Baidu shares fell about 5% in trading after hours after the Chinese internet company reported numbers in the second quarter that beat analysts’ expectations. Baidu posted an adjusted earnings of RMB 14.73 per share, well above a Refinitiv estimate of RMB 9.60 per share. Turnover for the quarter came in at RMB 26.03 billion and analysts expected sales of RMB 25.71 billion
Myriad Genetics – The Utah-based molecular diagnostics company saw its share rise as much as 1.5% clockwise to mixed results for its fiscal fourth quarter. Myriad reported a loss of 31 cents per share. That was better than a FactSet estimate for a loss of 47 cents per share. Revenue, meanwhile, came in just below expectations at $ 93.2 million. “After the substantial decline in test volumes at the end of Q3 and beginning of Q4 due to COVID-19 social distancing policies, we saw a significant recovery in test volume trends throughout the quarter,” said CEO R. Bryan Riggsbee.
Farfetch – Shares of the online luxury retailer jumped more than 5% after the company posted a smaller-than-expected loss for the second quarter. Farfetch reported a loss of 20 cents per share. Analysts surveyed by FactSet expected a loss of 29 cents per share. The company’s revenue for the quarter came in at $ 364.7 million, well above a forecast of $ 326.9 million.
CORRECTION: This article has been updated to correct Baidu’s earnings and earnings in the second quarter.
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