Let’s take a look at some of the companies that are catching our eye in extended trading. Applied Materials — The materials engineering stock fell 2.5% even though its third-quarter profit beat analysts’ expectations. Applied Materials’ earnings per share, excluding items, were $2.12 on revenue of $6.78 billion. Analysts had expected earnings per share of just $2.02 and revenue of $6.67 billion. Coherent — The electronics manufacturing stock fell 1.6% even though its fourth-quarter profit beat expectations. Coherent’s earnings per share, excluding items, were 61 cents and revenue of $1.31 billion, while analysts surveyed by FactSet had expected 60 cents and $1.28 billion, respectively. The company also gave a range for its current quarterly guidance, in line with consensus estimates. H&R Block — Tax services shares rose more than 8% after the company announced a 17% dividend increase and $1.5 billion in share buybacks. H&R Block also reported adjusted earnings of $1.89 per share on $1.06 billion in revenue for the fourth quarter. Autodesk — Design technology provider Autodesk’s shares fell nearly 3% after Bloomberg reported that executives continued a sales strategy they said they would stop and ignored the risks associated with the practice. The plan allowed the company to offer discounts to some corporate customers who pay up front for multiyear contracts, according to Bloomberg. Amcor — The packaging stock fell 1.7% after fourth-quarter revenue fell short of expectations. Amcor’s revenue for the three months was $3.54 billion, below the $3.57 billion forecast by analysts surveyed by FactSet. But Amcor made a profit of 21 cents a share excluding items, slightly beating the Street’s forecast of 20 cents. Quanterix — The life sciences stock jumped 3.8% after President and CEO Masood Toroo disclosed a purchase of 19,000 shares.
AMAT, ADSK, COHR, etc.
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