The logo of the American software company Palantir Technologies will be seen in Davos, Switzerland, January 22, 2020.
Arnd Wiegmann | Reuters
Look at the companies that make headlines in the afternoon trading.
Applied Materials – Sharemaker’s shares jumped more than 7% after Applied Materials beat estimates during the fourth quarter and issued optimistic comments for the current quarter. “We have seen a steady increase in demand in our semiconductor industry as important macro and industrial trends stimulate silicon consumption in a wide range of markets and applications,” Gary Dickerson, President and CEO, said in a statement. . The VanEck Vectors Semiconductor ETF gained more than 2%.
Deere – Agricultural machinery inventory jumped more than 10% after Deere easily met expectations for its fiscal first quarter. The company reported earnings of $ 3.87 per share on revenue of $ 8.05 billion. Analysts surveyed by Refinitiv expect $ 2.14 per share and $ 7.22 billion in revenue. Deere’s net sales from its equipment unit increased by 23%.
Roku – Roku rose 3.8% during afternoon trading after reporting a quarterly earnings per share of 49 cents, compared to consensus forecasts of a loss of 6 cents per share. The sales figures of the streaming video devices also met predictions with a surge of 58% because consumers were at home during the pandemic.
Dropbox – Shares of Dropbox fell by about 2.5% around noon in New York as the better-than-expected earnings could not compensate for the overwhelming lead. Earnings rose 4 cents a share ahead of estimates, with quarterly earnings of 28 cents a share. Yet the company forecast full-year revenue from analysts’ estimates.
Palantir Technologies – Palantir piled up nearly 13% on Friday after investor Cathie Wood, whose choice was profitable last year, said she had increased her bet on the data company. Wood’s Ark Innovation fund bought more than 5.2 million shares on Thursday, meaning the stake is about 0.5% of its total weight.
Planet Fitness – Shares in the gym chain declined by more than 2.3% after Planet Fitness’s earnings in the fourth quarter did not live up to expectations. According to FactSet, the company adjusted 17 cents as earnings per share, below the 23 cents per share expected by analysts. Revenue fell by 30% year-on-year.
CNBC’s Pippa Stevens and Jesse Pound reported.
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