Stocks Making Headlines in After-Hours Trading
Several major companies have made significant movements in after-hours trading, driven by their latest quarterly results and guidance. Apple, for instance, saw its shares rise less than 1% after posting strong fiscal first-quarter results, with iPhone revenue surging 23% on an annual basis to $85.27 billion. This notable increase was largely due to the success of its iPhone 17 models, which were released in September.
Company Performances
Sandisk, a data storage device manufacturer, shared solid guidance, leading to an 11% increase in its stock. The company expects fiscal third-quarter adjusted earnings to range from $12 to $14 per share, significantly exceeding the FactSet consensus of $5.11 per share. Visa, on the other hand, slipped nearly 2% in extended trading despite posting strong fiscal first-quarter results, with earnings of $3.17 per share and revenue of $10.9 billion. Western Digital saw its shares rise about 1% after providing a rosy forecast for the fiscal third quarter, with adjusted earnings expected to be around $2.30 per share on revenue of roughly $3.2 billion.
Outlook and Expectations
Deckers Outdoor, the maker of Ugg Boots and Hoka sneakers, saw its shares surge 12% after issuing a 2026 outlook that surpassed Wall Street’s estimates. The company expects earnings for the period to range from $6.80 to $6.85 per share on revenue of $5.4 billion to $5.43 billion. Stryker, a medical equipment company, jumped 2% after its fourth-quarter results beat estimates, with adjusted earnings of $4.47 per share and revenue of $7.17 billion. Robinhood’s shares ticked 2% higher after Bloomberg News reported that the company might be given a key role in overseeing the tax-advantaged “Trump accounts” for eligible children under 18.
Challenges and Projections
KLA Corp, a semiconductor equipment maker, fell more than 8% after saying fiscal third-quarter earnings excluding one-time items would range between $8.30 and $9.86 per share, against the LSEG consensus estimate of $8.80. The company pegged Q3 revenue at $3.2 billion to $3.5 billion, versus the Street’s $3.25 billion. These movements indicate a mixed reaction to the latest earnings reports and guidance from these major companies.
Smart Tip for Readers
To stay informed about the latest market trends and company performances, it’s essential to follow reputable financial news sources and analyze earnings reports and guidance from companies. By doing so, readers can make more informed decisions and stay up-to-date on the ever-changing market landscape. For more information on the companies mentioned, visit Here
