Check out the companies making headlines in after-hours trading. Alphabet — Shares of search engine giant Alphabet ticked 1% higher after Anthropic and Google officially announced their cloud partnership Thursday. The deal, worth tens of billions of dollars, gives Anthropic access up to one million of Google’s custom-designed Tensor Processing Units, or TPUs. Ford Motor — Shares of the Detroit automaker jumped 4% in after-hours trading. Ford Motor’s third-quarter earnings results exceeded Wall Street’s expectations, but the company lowered its full-year guidance due to impacts of a fire at an aluminum supplier. Ford reported adjusted earnings per share of 45 cents on revenue of $47.19 billion, while analysts polled by LSEG expected earnings of 36 cents per share on revenue of $43.08 billion. Target — Shares of the discount retailer rose less than 1% after announcing it would cut its corporate workforce by 8%. The action, which impacts about 1,800 jobs, is its first major layoff in a decade. Intel — Intel shares jumped about 7% after the chipmaker posted third-quarter sales that beat analysts’ estimates , spurring optimism that demand for the company’s core x86 processors for PCs has recovered. Intel, whose top shareholder is the U.S. government after the Trump administration took a 10% stake in August, reported 23 cents per share in earnings after adjustments. Revenue came out at $13.65 billion, higher than the $13.14 billion estimated by analysts, according to LSEG. Newmont — Shares of the gold miner fell 2% despite posting better-than-expected third-quarter results. Newmont earned $1.71 per share, excluding items, ahead of the $1.44 per share FactSet estimate. Revenue of $5.52 billion was higher than $5.19 billion analysts expected. Deckers Outdoor — The owner of the Hoka and Ugg shoe brands saw shares slide about 12% after its revenue forecast fell short of expectations. Deckers expects full-year revenue of roughly $5.35 billion, while analysts surveyed by LSEG estimated $5.45 billion. The footwear giant earned $1.82 per share on revenue of $1.43 billion, beating analysts’ estimates of $1.58 per share on revenue of $1.42 billion, per LSEG. Boyd Gaming — The gaming entertainment giant shed nearly 2% despite releasing better-than-expected third-quarter results. Boyd earned $1.72 per share, excluding items, on revenue of $1 billion, while analysts surveyed FactSet expected earnings of $1.62 per share and revenue of $875.1 million. Boyd “saw healthy growth in gaming revenues across all three property operating segments” during the period, management said. Applied Materials — Shares of the semiconductor equipment maker fell more than 1% after it said it would record a charge of about $160 million to $180 million as it cuts about 4% of its workforce. The company said “automation, digitalization and geographic shifts are redefining” its needs. The bulk of the charges would be recorded in its fourth quarter, the company said. — CNBC’s Christina Cheddar Berk contributed reporting.
