Finance News
Complete Finance & Business News Journal

Stocks making the biggest moves after-hours: Applied Supplies, Baidu & more


Technicians work on equipment at the Applied Supplies facility in Santa Clara, California.

David Paul Morris | Bloomberg | Getty Pictures

Take a look at the corporations making headlines after the bell Thursday:

Applied Supplies — Shares of Applied Supplies rose 1.2% in after-hours trading on the again of fiscal third-quarter outcomes that beat analyst expectations. The corporate reported earnings per share of $1.06 on income of $4.Four billion. Analysts polled by Refinitiv anticipated a revenue of 95 cents per share on income of $4.18 billion. “By addressing our clients’ highest worth issues, Applied is outperforming at this time and is positioned to develop sooner than our markets over the subsequent a number of years,” CEO Gary Dickerson mentioned in a press release.

Baidu — Baidu shares fell about 5% in after-hours trading after the Chinese language web firm reported second-quarter numbers that beat analyst expectations. Baidu posted an adjusted revenue of RMB 14.73 per share, effectively above a Refinitiv estimate of RMB 9.60 per share. Income for the quarter got here in at RMB 26.03 billion and analysts anticipated gross sales of RMB 25.71 billion

Myriad Genetics — The Utah-based molecular diagnostic firm noticed its inventory rise as a lot as 1.5% after the bell following blended outcomes for its fiscal fourth quarter. Myriad reported a lack of 31 cents per share. That was higher than a FactSet estimate for a lack of 47 cents per share. Income, in the meantime got here in just under expectations at $93.2 million. “Following the substantial decline in check volumes at the finish of Q3 and starting of This fall attributable to COVID-19 social distancing insurance policies we noticed a big restoration in check quantity tendencies all through the quarter,” mentioned CEO R. Bryan Riggsbee.

Farfetch — Shares of the on-line luxurious retailer jumped more than 5% after the firm posted a smaller-than-expected loss for the second quarter. Farfetch reported a lack of 20 cents per share. Analysts polled by FactSet anticipated a lack of 29 cents per share. The corporate’s income for the quarter got here in at $364.7 million, effectively above a forecast of $326.9 million.

CORRECTION: This text has been up to date to right the revenue and income for Baidu in the second quarter.

Get real time updates directly on you device, subscribe now.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Translate »