Let’s dive into the companies making waves after the trading day wrapped up:
First up is Zoom Communications. The popular video calling software company saw its shares dip by 1%. Despite this, Zoom’s quarterly performance exceeded Wall Street’s expectations. The company’s adjusted earnings per share guidance for the upcoming fiscal fourth quarter was pretty much on target with analysts’ predictions. Interestingly, they also announced a new name: Zoom Communications, dropping the ‘Video’ from their old moniker.
Over at Kohl’s, things were a bit more dramatic. The retailer’s stock fell by 6% following announcements about a leadership change. Current CEO Tom Kingsbury is stepping down in January, and Ashley Buchanan, the helm of The Michaels Companies, is slated to take over.
Meanwhile, Agilent Technologies experienced a 1.3% dip in their stock value. This came after they provided earnings guidance for the entire year and the current quarter, which didn’t quite meet Wall Street’s expectations according to LSEG. Despite this, they actually surpassed analysts’ estimates for their fiscal fourth-quarter top and bottom lines.
Semtech, on the other hand, had quite a positive day. This semiconductor company’s stock jumped more than 13% due to quarterly results that beat forecasts. Their adjusted earnings outstripped analysts’ expectations by 3 cents per share according to LSEG, and they presented a robust forecast for the fourth quarter.
Woodward, an industrials and aerospace machinery maker, also had reason to celebrate with their shares climbing over 10%, thanks to outstanding fiscal fourth-quarter performance. The company credited record sales to strong demand in their end markets.
Finally, we look at Fluence Energy, whose stock went up nearly 1%. Their fiscal fourth-quarter results were mixed, but they anticipate next year’s revenue to be between $3.6 billion and $4.4 billion, aligning closely with the FactSet estimate of $3.95 billion.
This roundup gives us a glimpse into the dynamic shifts and strategic changes shaping the market’s landscape post-business hours.
