Published
4 months agoon
By
adminCheck 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.
This industrial giant is emerging as a big AI play, says Wells Fargo
Novo Nordisk’s strategy tested as investors push back on board revamp
Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan
UK borrowing costs spike on report government to scrap plans to raise income tax
Trump’s threatened the BBC with a $1B lawsuit: Here’s what’s going on
UBS’s picks for global returns next year
Wells Fargo sees Caterpillar continuing to roar higher, emerging as an artificial intelligence play. The bank initiated shares of...
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic...
Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president...
Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg...
US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31,...
Investors looking for global diversification opportunities should look to a specific subset of stocks in Europe, according to UBS...
Eakarat Buanoi | Istock | Getty Images LISBON, Portugal — Top tech executives told CNBC they’re concerned about...
Tan Su Shan, deputy chief executive officer and managing director of institutional banking at DBS Group Holdings Ltd., speaks during...
CHENGDU, CHINA – OCTOBER 18: People walk past the Louis Vuitton store at Taikoo Li, a high-end shopping area that...
The United States said Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and...
