Group 1 - U.S. stock futures showed mixed results, with Dow futures gaining approximately 300 points on Friday [1] - Applied Materials reported third-quarter revenue of $7.3 billion, exceeding analyst estimates of $7.22 billion, and adjusted earnings of $2.48 per share, surpassing estimates of $2.36 per share [1] - Applied Materials anticipates fourth-quarter revenue of $6.7 billion, with a variance of $500 million, compared to estimates of $7.33 billion, and adjusted earnings expected between $1.91 and $2.31 per share, against estimates of $2.39 per share [2] Group 2 - Applied Materials shares fell 14.7% to $160.51 in pre-market trading following the weak fourth-quarter guidance [2] - Other companies experiencing declines in pre-market trading include Gambling.com Group Limited, which dropped 13.4% to $8.98, and Globant S.A., which fell 11.8% to $68.75 due to lower FY25 sales guidance [4] - Sandisk Corporation reported strong fourth-quarter earnings but still saw a decline of 11.1% to $41.50 in pre-market trading, despite expecting first-quarter revenue between $2.1 billion and $2.2 billion, above estimates of $1.99 billion [4]
Applied Materials Issues Weak Outlook, Joins Globant, Sandisk And Other Big Stocks Moving Lower In Friday's Pre-Market Session