Get the latest scoop on the companies making waves in the after-hours trading market. Palantir Technologies is leading the pack with a 17% jump in shares after posting a revenue beat in the fourth quarter. CEO Alex Karp highlighted the company’s growth in the artificial intelligence platform, and analysts are buzzing about the promising future for this tech giant.
NXP Semiconductors is also turning heads with a 3% gain following stronger-than-expected fourth-quarter results. The chipmaker announced adjusted earnings of $3.71 per share, surpassing estimates from analysts. With revenue also beating forecasts, NXP is proving to be a force to be reckoned with in the semiconductor industry.
Meanwhile, Chegg saw a 1% decline in stock after releasing first-quarter revenue guidance that fell short of expectations. However, the company posted adjusted earnings per share in line with analyst predictions and a revenue beat in the fourth quarter, indicating that there may still be hope for a turnaround.
On a positive note, Vertex Pharmaceuticals is celebrating a 2.6% increase in shares after a stellar performance in the fourth quarter. The company reported adjusted earnings and revenue that exceeded analysts’ estimates, solidifying its position as a leader in the pharmaceutical industry.
Rambus, on the other hand, experienced a 7.9% drop in shares after a year-over-year decline in fourth-quarter revenue. This chipmaker is facing some challenges, and investors will be watching closely to see how it navigates the road ahead.
In the real estate sector, Simon Property Group is making investors smile with a nearly 1% rise in shares after issuing strong earnings guidance for the full year. The company also saw an increase in occupancy, further bolstering its position in the market.
Aecom, the infrastructure consulting firm, saw a 2.6% gain in shares after posting higher-than-expected adjusted earnings in the first fiscal quarter. While revenue fell short of analysts’ estimates, the company’s strong earnings performance is a promising sign for the future.
Last but not least, specialty chemicals company Cabot added 1.2% in shares after beating analysts’ expectations for fiscal first-quarter earnings and revenue. With strong performance in both key areas, Cabot is proving to be a solid contender in the specialty chemicals industry.
The after-hours market is bustling with activity, and these companies are at the forefront of the action. As always, investors should exercise caution and conduct thorough research before making any investment decisions. Stay tuned for more updates on these and other exciting developments in the market.
Source link