After-Hours Stock Movers: Palantir (NYSE: PLTR) rose 12% after it reported strong third quarter results and guidance
- Susan SarandonOriginal
- 2024-11-05 10:16:17954browse
NXP Semiconductors (NASDAQ: NXPI) declined 5% after it issued disappointing EPS guidance for the final quarter of the year.
Several major stocks made significant after-hours movements on Thursday, Nov. 3, following the release of financial results and other updates. Here's a summary of the key stock movers:
Palantir (NYSE:PLTR) stock soared 12% in extended trading after the data analytics company reported better-than-expected third quarter results and provided strong guidance. Its CEO attributed the growth to "unwavering" demand for AI.
NXP Semiconductors (NASDAQ:NXPI) stock dropped 5% after the company issued EPS guidance for the final quarter of the year that fell short of analyst estimates. Management also highlighted increasing macro related weakness in the Industrial & IoT market.
Cleveland-Cliffs (NYSE:CLF) stock declined 4% despite the company beating revenue estimates for the third quarter. However, weaker demand and pricing led to tighter margins, impacting its overall performance.
Dollar Tree (NASDAQ:DLTR) stock surged 7% after the company announced that Rick Dreiling will be stepping down from his role as Chairman and Chief Executive Officer, effective Nov. 3, 2024.
Lattice Semiconductor (NASDAQ:LSCC) stock fell 9% after the company issued guidance that was below consensus estimates. The stock had earlier rallied on strong third quarter results.
Wynn Resorts (NASDAQ:WYNN) stock dropped 3% despite the casino operator posting third quarter results that beat analysts' expectations. The stock had earlier hit a 52-week high.
Hims & Hers Health (NYSE:HIMS) stock rose 6% after the third quarter results beat estimates. The company now has 2.0 million subscribers, up 44% year-over-year in Q3.
Coinbase (NASDAQ:COIN) stock fell 3% after it was revealed that the company's President and COO sold shares of the company for $1.77 million.
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