Welcome to Extreme Investor Network, where we bring you the latest updates on the companies making headlines in the world of finance. In this post, we will dive into the recent after-hours movements of key companies and uncover the stories behind their stock price fluctuations.
Palantir Technologies saw a notable 13% jump in its shares after surpassing Wall Street’s third-quarter estimates. The software company reported adjusted earnings of 10 cents per share on $726 million in revenue, beating analysts’ expectations. With U.S. government revenue growing at a strong pace, Palantir is certainly one to watch in the tech sector.
On the other hand, Wynn Resorts faced a 4% drop in its stock as third-quarter results fell short of expectations. Despite posting adjusted earnings of 90 cents a share on $1.69 billion in revenue, the resort and casino operator failed to meet Wall Street’s estimates. NXP Semiconductors also experienced a 5% decline after issuing disappointing fourth-quarter guidance, citing macro weaknesses in key markets.
Meanwhile, Dollar Tree saw a 6% increase in its shares following the announcement of CEO Rick Dreiling stepping down. The company reiterated its third-quarter guidance and appointed its chief operating officer as interim CEO. Hims & Hers Health impressed investors with third-quarter earnings that exceeded expectations by 28 cents per share, leading to a more than 6% increase in its stock.
Cleveland-Cliffs and Lattice Semiconductor faced declines of over 4% and 9% respectively, after falling short of revenue estimates and offering disappointing guidance for the current period. Cirrus Logic also saw its shares drop by more than 9% after issuing revenue guidance below analysts’ expectations.
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