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Applied Materials, Ross Stores, And 3 Stocks To Watch Heading Into Friday

Published 18/08/2023, 07:49
© Reuters.  Applied Materials, Ross Stores, And 3 Stocks To Watch Heading Into Friday
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Benzinga - by Lisa Levin, Benzinga Editor. With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:

  • Applied Materials, Inc. (NASDAQ: AMAT) reported better-than-expected revenues and earnings for its fiscal third quarter after the closing bell on Thursday. The stock made big moves in the after-hours session, with the semiconductor equipment maker reporting adjusted earnings of $1.90 per share, surpassing Wall Street expectations of $1.74 per share. Revenues came in at $6.43 billion, beating the consensus estimate of $6.16 billion.
  • Shares of Ross Stores Inc (NASDAQ: ROST) jumped more than 5% in extended trading, after the company reported earnings of $1.32 per share on revenues of $4.93 billion, higher than market expectations of $1.16 per share and $4.75 billion, respectively.
  • Farfetch Ltd’s (NYSE: FTCH) stock tanked almost 37% in after-hours trading. Investors grew concerned after the company reported soft quarterly results, issued a weak guidance and announced its exit from the beauty category.

Check out our premarket coverage here

  • Shares of Keysight Technologies Inc (NYSE: KEYS) tanked in extended trading on Thursday, even as the company reported an earning beat on revenues that matched market expectations. The stock lost more than 9% on concerns over management’s soft guidance for the fiscal fourth quarter.
  • Deere & Company (NYSE: DE) is preparing to report results on Friday morning. Analysts expect the company to report earnings of $8.22 per share on sales of $14.1 billion. The stock has lost almost 4% since the beginning of this week.

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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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