Keysight Technologies Test-equipment maker KEYS (NYSE: KEYS) released disappointing fourth-quarter financial guidance, sending its stock down 13.8%. Top drop rate.
S&P500.
Keysight expects earnings per share of $1.83 to $1.89 and revenue of $1.29 billion to $1.31 billion. Analysts had expected sales of $1.39 billion and earnings of $2 per share.
Farfetch (FTCH) fell 45% after the luxury fashion company’s second-quarter sales of $572 million came in below analyst expectations of $649 million.
Hawaiian Electric Industries (HE) shares are looking for advice from power companies accused of involvement in devastating wildfires on Hawaii’s Maui island, but they’re going to hold out as a financially strong company. It rose 14.5% after saying that.
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Bloomin Brands (BLMN), which operates Outback Steakhouse, rose 8.7%. Starboard Value confirms reports that it has acquired a 9.9% stake at the company.
XPeng (XPEV) reported a wider loss in the second quarter than in the same period last year. The U.S.-listed stock of the Chinese electric car maker fell 4.3% despite a solid outlook, weighed down by a slowdown in the Chinese market. Fellow EV maker Tesla (TSLA) fell 1.7%.
Discount retailer Ross Stores (ROST) raised its outlook after better-than-expected second-quarter profit. The stock rose 5%, making it the top performer in the S&P 500.
deer
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(DE) reports third-quarter earnings for the fiscal year ahead of analyst expectations. Farm-equipment makers’ full-year forecasts also beat Wall Street expectations. However, the stock fell 5.3%.
Applied Materials (AMAT) beat Wall Street’s third-quarter earnings and fourth-quarter guidance, pushing the chip-equipment maker’s stock up 3.7%. “Over the past few years, we have focused our strategy and investments on key technologies to accelerate the Internet of Things and AI era. We will be able to sustainably outperform our customers,” said CEO Gary Dickerson. statement.
Alibaba’s (BABA) U.S. deposit receipts fell 2.9% after the People’s Bank of China beefed up its yuan defense amid growing concerns about the health of the world’s second-largest economy, JD.com (JD) fell 4.75%.
estee lauder
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(EL) fell 3.3% after the cosmetics company’s fiscal 2024 earnings forecast came in below analyst expectations.
Email Joe Weelfel (joseph.woelfel@barrons.com).
