Urgent.News

600+ sources. One page. See who else covered it.

Editions

Finance & Markets

After-Hours Movers: AMAT, DLO, GLOB, YSS, ETON

After-Hours Movers: AMAT, DLO, GLOB, YSS, ETON

Applied Materials (AMAT) shares experienced a sell-the-news reaction, dipping 4% despite delivering a solid fiscal Q3 beat-and-raise, with record revenue of $9.12 billion and EPS of $3.50. The semiconductor equipment leader issued upbeat Q4 revenue guidance of $9.75–$10.75 billion, above the $9.54 billion Wall Street consensus. However, the high expectations following a recent sector rally prompted short-term profit-taking.

DLocal (DLO) shares fell 3.5% after narrowly missing second-quarter earnings expectations with an EPS of $0.18 versus the $0.19 consensus. Although the cross-border payment platform reported top-line upside with $399.7 million in revenue, beating the $364.65 million forecast, persistent foreign exchange headwinds and transaction margin compression in emerging markets continue to weigh on investor sentiment.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at investing.com →

More in Finance & Markets

More from Thursday 13 August →