These Stocks Are Moving the Most Today
Applied Materials
Applied Materials is a leading provider of materials engineering solutions for the semiconductor, display, and solar photovoltaic industries. The company reported fiscal third-quarter earnings and revenue that beat analysts' expectations. Applied Materials' stock rose 1% in premarket trading.
Key Takeaways
- Applied Materials reported fiscal third-quarter earnings per share of $1.90, which beat analysts' estimates of $1.84.
- The company also reported fiscal third-quarter revenue of $6.9 billion, which beat analysts' estimates of $6.6 billion.
- Applied Materials' strong earnings and revenue growth were driven by demand for its semiconductor manufacturing equipment.
HR Block
HR Block is a tax preparation and financial services company. The company reported fiscal fourth-quarter earnings and revenue that missed analysts' expectations. HR Block's stock fell 5% in premarket trading.
Key Takeaways
- HR Block reported fiscal fourth-quarter earnings per share of $3.25, which missed analysts' estimates of $3.32.
- The company also reported fiscal fourth-quarter revenue of $2.9 billion, which missed analysts' estimates of $3.0 billion.
- HR Block's weak earnings and revenue growth were driven by lower demand for its tax preparation services.
Texas Instruments
Texas Instruments is a leading provider of semiconductors and other electronic components. The company reported fiscal third-quarter earnings and revenue that beat analysts' expectations. Texas Instruments' stock rose 2% in premarket trading.
Key Takeaways
- Texas Instruments reported fiscal third-quarter earnings per share of $2.18, which beat analysts' estimates of $2.10.
- The company also reported fiscal third-quarter revenue of $5.2 billion, which beat analysts' estimates of $5.1 billion.
- Texas Instruments' strong earnings and revenue growth were driven by demand for its semiconductors used in automotive and industrial applications.
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