Welcome to our latest edition featuring the latest updates on companies making waves in after-hours trading! Let’s dive in and see what’s been happening in the market.
First up, Qualcomm. Despite a 2% dip in shares, the chipmaker has exceeded expectations with their fiscal first-quarter results. With adjusted earnings per share of $2.75 and revenue of $9.92 billion, Qualcomm has come out on top, beating the anticipated estimates.
Next, we have Align Technology, whose shares saw a 10% increase after reporting fourth-quarter results that surpassed estimates. With adjusted earnings of $2.42 per share and revenue of $957 million, Align Technology has certainly impressed the market.
On the flip side, MaxLinear experienced an 11% decline in shares after issuing first-quarter revenue guidance below expectations. The company expects revenue between $85 million to $105 million, weaker than the anticipated $121.8 million. It seems like MaxLinear has some obstacles to overcome in the coming months.
Moving on to Boot Barn, their shares dropped nearly 2% after reporting fiscal third-quarter earnings of $1.81 per share. Additionally, their fiscal fourth-quarter earnings and revenue guidance came in weaker than expected. It looks like Boot Barn has some work to do to regain confidence from investors.
MetLife also experienced a 2% slide in shares, despite reporting fourth-quarter earnings that exceeded expectations. With adjusted per-share earnings of $1.93 and total adjusted revenue of $18.72 billion, MetLife has shown strong performance, even though the market response doesn’t reflect it.
Wolfspeed shares slid almost 2% after issuing weak revenue guidance for the fiscal third quarter. With a revenue forecast below analyst expectations, it seems like Wolfspeed will need to strategize to turn this around in the upcoming months.
On a positive note, Qorvo shares gained more than 5% after reporting third-quarter results that topped estimates. With adjusted earnings of $2.10 per share and revenue of $1.07 billion, it’s clear that Qorvo has made a positive impact in the market.
Overall, it’s been an eventful time for these companies in the after-hours trading market. As always, it’s important to keep an eye on the performance and direction of these companies as they navigate the ever-changing landscape of the market.
Stay tuned for more updates and insights in the next edition of our magazine. Happy investing!
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