U.S. stock futures displayed a mixed performance this morning, with the S&P 500 futures edging down by around 0.1% on Friday. The pre-market trading session saw a dip in shares of Applied Materials, Inc. (AMAT) following the release of its third-quarter results.
Applied Materials reported revenue of $6.78 billion for the third quarter, exceeding the consensus estimate of $6.673 billion. However, the chip equipment company’s adjusted earnings per share came in at $2.12, surpassing analyst expectations of $2.02. Looking ahead, Applied Materials anticipates fourth-quarter revenue to be in the range of $6.53 billion, plus or minus $400 million, which falls short of the projected $6.91 billion. The company also expects adjusted earnings per share for the fourth quarter to be between $2 and $2.36, compared to the estimated $2.14.
In response to these results, Applied Materials shares tumbled by 3.1% to $205.25 in pre-market trading.
Here’s a rundown of other notable pre-market losses:
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Sonida Senior Living, Inc. (SNDA):
Shares dipped 15.4% to $27.06 following the company’s upsized public offering of 4.3 million common stock at $27 per share.*
Lumen Technologies, Inc. (LUMN):
Shares declined 6.1% to $5.36.*
Baytex Energy Corp. (BTE):
Shares fell 5.8% to $3.40.*
U-BX Technology Ltd. (UBXG):
Shares dipped 4% to $19.00, following a significant jump of 45% on Thursday.*
Pacific Biosciences of California, Inc. (PACB):
Shares fell 3.5% to $1.63, following a 25% surge on Thursday.*
Amcor plc (AMCR):
Shares declined 3.1% to $10.51 after reporting fourth-quarter results.*
