Stocks making the biggest moves after hours: Tripadvisor, Coterra Energy, International Flavors & Fragrances and more
Check out the companies making headlines in extended trading. Tripadvisor — The online travel agency added nearly 12% after beating on the top and bottom line in the third quarter. Tripadvisor reported adjusted earnings of 52 cents per share on $533 million in revenue, while analysts polled by LSEG forecast 47 cents per share and $505 million. Vertex Pharmaceuticals —Shares fell nearly 2% after the biotech company missed third-quarter revenue estimates. Vertex reported adjusted earnings of $4.08 per share on $2.48 billion in revenue, while analysts polled by LSEG forecast $3.97 per share and $2.50 billion in revenue. International Flavors & Fragrances — International Flavors & Fragrances rose 5% after the company announced it would continue its cooperation agreement with Icahn Capital. The parties agreed to re-nominate one Icahn director and one director who’s mutually agreed upon to the IFF board for the 2024 proxy season. Separately, IFF posted third-quarter adjusted earnings and revenue that beat analysts’ estimates. Coterra Energy — The energy company advanced 3% in extended trading. Coterra Energy posted adjusted earnings of 50 cents per share in the third quarter, while analysts called for 44 cents a share, per FactSet. The company raised its production guidance for the full year. Sanmina — Shares of the electronics manufacturing company slipped nearly 12% after Sanmina posted a bleak outlook for the fiscal first quarter. Management said the company’s first quarter outlook “is down sequentially” and that Sanmina foresees headwinds for the next couple of quarters. Hims & Hers Health — The telehealth company added more than 6% in after-hours trading. Hims & Hers raised its full-year guidance, hiking its forecast for revenue to $868 million to $873 million, up from its earlier call for $830 million to $850 million. The company also raised its expectations for full-year adjusted earnings before interest, taxes, depreciation and amortization. Veeco Instruments — Shares added 4.5% after a third-quarter earnings beat on the top and bottom line. Veeco, a manufacturer of thin film process equipment, reported adjusted earnings of 53 cents per share and $177.4 million in revenue, while analysts polled by FactSet forecast 37 cents per share and $168.2 million of revenue. Fabrinet — Shares of Fabrinet climbed 1.5% after the company reported a fiscal-first quarter beat on the top and bottom line. Fabrinet posted adjusted earnings of $2 per share on $685.5 million in revenue, while analysts polled by FactSet anticipated $1.85 per share in earnings and $659.2 million of revenue. — CNBC’s Darla Mercado contributed reporting This post has been syndicated from a third-party source. View the original article here.
