Check out the companies making headlines in extended trading. Applied Materials — The material engineering stock slipped 2.5% despite third-quarter earnings coming in better than analysts anticipated. Applied Materials earned $2.12 per share, excluding items, on $6.78 billion in revenue. Analysts had penciled in just $2.02 a share in profits and $6.67 billion in revenue. Coherent — The electronic manufacturing stock slid 1.6% despite fiscal fourth-quarter earnings topping expectations. Coherent earned 61 cents per share, excluding items, on $1.31 billion in revenue, while analysts polled by FactSet forecasted 60 cents a share and $1.28 billion, respectively. The company also offered current-quarter guidance ranges that were in line with consensus estimates. H & R Block — The tax services stock climbed more than 8% after announcing a 17% dividend increase and $1.5 billion buyback. H & R Block also said it earned an adjusted $1.89 per share on $1.06 billion in revenue during the fiscal fourth quarter. Autodesk — The design technology provider dropped nearly 3% after Bloomberg reported that executives continued utilizing a sales strategy despite saying it would stop and ignored risks related to the practice. This plan allowed the company to provide discounts to some corporate customers who would pay up front for multiyear contracts, according to Bloomberg. Amcor — The packaging stock retreated by 1.7% after revenue for the fiscal fourth quarter missed expectations. Amcor rang up $3.54 billion in revenue for the three-month period, less than the $3.57 billion predicted by analysts polled by FactSet. However, Amcor earned 21 cents a share, excluding items, slightly beating the Street’s estimate of 20 cents. Quanterix — The life sciences stock popped 3.8% after Masoud Toloue, the president and CEO, disclosed a purchase of 19,000 shares.
Original news source Credit: www.cnbc.com
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