Technicians work on machines at the applied materials plant in Santa Clara, California.
David Paul Morris | Bloomberg | Getty Images
Check out the companies making headlines after Thursday's bell:
Applied Materials – Applied Materials stocks rose 1.2% in after-hours trading on fiscal third quarter results that beat analysts' expectations. The company reported earnings per share of $ 1.06 on sales of $ 4.4 billion. Analysts polled by Refinitiv expected earnings of 95 cents per share on sales of 4.18 billion US dollars. "By solving our customers' most valuable problems, Applied is better than the company today and able to grow faster than our markets for the next several years," said CEO Gary Dickerson in a statement.
Baidu – Baidu shares fell about 5% in after-hours trading after the Chinese internet company reported second-quarter numbers that beat analysts' expectations. Baidu achieved adjusted earnings of 14.73 RMB per share, well above a refinitive estimate of 9.60 RMB per share. Revenue for the quarter was RMB 26.03 billion and analysts expected revenue of RMB 25.71 billion
Myriad Genetics – The Utah-based molecular diagnostics company saw shares rise as much as 1.5% after the bell for the fourth quarter of the fiscal year after mixed results. Myriad reported a loss of 31 cents per share. That was better than a FactSet estimate for a loss of 47 cents a share. Sales of USD 93.2 million were just below expectations. "After the significant decrease in test volume at the end of the third and early fourth quarters due to COVID-19 social distancing guidelines, we saw a significant recovery in test volume trends throughout the quarter," said CEO R. Bryan Riggsbee.
Farfetch – The online luxury retailer's stocks rose more than 5% after the company posted a less-than-expected loss in the second quarter. Farfetch reported a loss of 20 cents per share. Analysts surveyed by FactSet expected a loss of 29 cents per share. The company's quarterly revenue was $ 364.7 million, well above its forecast of $ 326.9 million.
CORRECTION: This article has been updated to correct Baidu's earnings and revenue for the second quarter.