Stocks making the biggest moves after hours: Fabrinet, Clorox, Apple, Palantir & more
Here are some of the companies making headlines in extended trading. Upwork – Shares of the freelance marketplace surged 11% on the back of a guidance raise. Full-year adjusted earnings are expected to range from $1.45 to $1.47 per share, topping the FactSet consensus of $1.39 per share. Palantir Technologies — Palantir shares were marginally higher after the company’s third-quarter earnings topped Wall Street’s estimates. Revenue for the period nearly doubled from a year earlier and surpassed $2 billion for the first time. The company’s U.S. commercial revenue jumped 148% to $984 million, topping U.S. government revenue of $953 million. Palantir is also projecting about $2.65 billion in fourth-quarter revenue and $8.53 billion for full-year 2026. Lattice Semiconductor — The company’s stock jumped more than 7% after Lattice solidly outpaced third-quarter revenue estimates and raised its forecast for the year. The semiconductor designer expects fourth-quarter revenue of between $325 million and $345 million, above the $293 million LSEG consensus estimate, and anticipates it will earn 82 cents to 86 cents per share after adjustments, topping the consensus estimate of 64 cents per share. The Clorox Company — The maker of Clorox Disinfecting Wipes added 2% after fiscal first-quarter results came in ahead of estimates. The company earned $1.55 per share on an adjusted basis on revenue of $1.91 billion. Analysts surveyed by LSEG were looking for $1.07 a share and $1.88 billion. Organic sales growth for the period also topped estimates. On Semiconductor — Shares fell about 2%. On Semiconductor said it would acquire Ferric, a maker of power converters, for $600 million in cash, plus up to $175 million in contingent consideration if certain revenue milestones are reached. Separately, the company said it expects fourth-quarter adjusted earnings in a range of 95 cents to $1.07 per share, while analysts polled by LSEG called for 95 cents per share. Apple — Apple reported fiscal fourth-quarter revenue of $114.48 billion, topping the LSEG consensus estimate of $113.39 billion. It’s Apple’s first quarterly report since CEO John Ternus took the helm on Sept. 1, succeeding Tim Cook. The company’s revenue rose 12% from a year earlier, with iPhone revenue reaching $57.58 billion. However, Apple’s iPad business remained a weak spot, with sales falling more than 10% to about $6.23 billion. Apple’s gross margin was 47.9%, pressured by higher memory and component costs. Shares of the consumer tech giant were last little changed. Fabrinet – The provider of advanced optical packaging jumped more than 12% after current-quarter guidance trounced the Street’s estimates. Fabrinet sees second-quarter adjusted earnings in a range of $4.77 to $4.92 per share on revenue of $1.6 billion to $1.65 billion. Analysts were looking for $4.43 a share and $1.48 billion, per FactSet. Ibotta — The digital consumer promotions company gained 11% after its fourth-quarter guidance beat analysts’ expectations. Ibotta sees revenue in a range of $94 million to $98 million, beating the FactSet consensus estimate of $93.4 million. Adjusted EBITDA also topped expectations. CNBC’s Deena Zaidi, Scott Schnipper, Christina Cheddar Berk and Nick Wells contributed reporting.
