Stocks making big moves after hours: DPZ, ULTA, AMAT, PLTR
Check out the companies making headlines in after-hours trading: Domino’s Pizza , Ulta Beauty – Shares rose nearly 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth $550 million at the end of September. Elsewhere, Ulta slipped nearly 4% as the conglomerate nearly dismantled its position in the beauty store. Materials – The semiconductor gas measurement equipment maker fell 5% after giving a weak revenue outlook for the current quarter. Applied Materials said it expected $7.15 billion in the first fiscal quarter, below the average estimate of $7.224 billion among analysts polled by LSEG. That overshadowed a better-than-expected fiscal quarter and strong guidance for adjusted earnings per share. Despegar.com – US-listed shares in the Argentina-based travel company rose 14% following a stronger-than-expected earnings report. Despegar.com posted adjusted earnings of 34 cents per share on $193.9 million in revenue, while analysts polled by FactSet wrote in 17 cents in earnings per share and $189.9 million in revenue. Palantir Technologies – The defense technology company added nearly 4% after announcing that it will transfer its stock exchange listing from the New York Stock Exchange to Nasdaq. Palantir will continue to trade under the same ticker and expects to meet the requirements to be listed on the Nasdaq 100. Vaccine makers – Many biotechnology stocks continued to slide in trading hours after Robert F. Kennedy Jr., a famous vaccine skeptic, was announced as the President-elect. Donald Trump’s nominee for secretary of the Department of Health and Human Services. Moderna and Pfizer were among the red names during extended trading.
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