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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.