The Applied Materials logo on Dec. 17, 2024.
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Check out the companies making headlines in after hours trading.
Applied Materials — Shares fell nearly 5% in extended trading. The maker of semiconductor manufacturing equipment reported $7.10 billion in revenue in its fiscal second quarter, which was slightly lower than analysts’ expectations of $7.13 billion, according to LSEG. Semiconductor revenue of $5.26 billion for the quarter fell short of estimates of $5.31 billion.
Take-Two Interactive Software — The video game company saw a 2% decline in shares after issuing weaker than expected guidance for full-year bookings. The company said it expects between $5.9 billion and $6 billion, while StreetAccount consensus estimates sought $7.82 billion. For the fiscal first quarter, Take-Two projected bookings between $1.25 billion and $1.30 billion, versus estimates of $1.28 billion.
Cava Group — Shares of the Mediterranean restaurant chain fell 4%.Cava’s full-year guidance for adjusted earnings before interest, taxes, depreciation, and amortization came in at $152 million to $159 million, short of the FactSet consensus call for $159.7 million. Revenue in the first quarter surpassed estimates, coming in at $332 million, versus the $327 million consensus estimate, per LSEG.
Doximity — The networking platform for health-care professionals saw its stock tank 25% on weak guidance. Doximity expects adjusted EBITDA to range from $71 million to $72 million, while StreetAccount consensus estimates sought $74 million. The company’s full-year outlook also missed expectations.
