Anika Begay
Check out the companies making headlines in extended trading. Applied Materials: The materials engineering stock fell 2.5% despite third-quarter earnings that beat analysts’ expectations. Applied Materials earned $2.12 a share, excluding items, on $6.78 billion in revenue. Analysts had expected just $2.02 a share in profit and $6.67 billion in revenue. Coherent: The electronics manufacturing stock fell 1.6% despite fiscal fourth-quarter earnings that beat expectations. Coherent earned 61 cents a share, excluding items, on $1.31 billion in revenue, while analysts polled by FactSet expected 60 cents a share and $1.28 billion, respectively. The company also offered guidance ranges for the current quarter that were in line with consensus estimates. H&R Block — The tax services stock rose more than 8% after announcing a 17% dividend increase and a $1.5 billion buyback. H&R Block also said it earned an adjusted $1.89 per share on $1.06 billion in revenue during its fiscal fourth quarter. Autodesk — The design technology provider fell nearly 3% after Bloomberg reported that executives continued to use a sell-off strategy despite saying they would stop and ignored risks related to the practice. That plan allowed the company to offer discounts to some enterprise customers who would pay up front for multiyear contracts, according to Bloomberg. Amcor — The packaging stock fell 1.7% after revenue for its fiscal fourth quarter missed expectations. Amcor reported $3.54 billion in revenue for the three-month period, less than the $3.57 billion analysts polled by FactSet expected. However, Amcor earned 21 cents a share excluding items, slightly beating Wall Street’s estimate of 20 cents. Quanterix — The life sciences stock rose 3.8% after Masoud Toloue, chairman and CEO, announced a 19,000-share purchase.
