Applied Materials had a rough day on Dec. 17, 2024, as their logo wasn’t shining so brightly in the after-hours trading. The company’s shares took a nosedive of almost 5%, leaving investors a bit uneasy. In its fiscal second quarter, the maker of semiconductor manufacturing equipment raked in $7.10 billion in revenue, which fell a tad short of what analysts were hoping for at $7.13 billion, as reported by LSEG. The semiconductor revenue for the quarter also missed the mark, coming in at $5.26 billion instead of the expected $5.31 billion.
Take-Two Interactive Software also didn’t escape unscathed, experiencing a 2% drop in shares after sharing some not-so-great news about their full-year bookings guidance. The video game company predicted a range of $5.9 billion to $6 billion, while the StreetAccount consensus estimates were a much higher $7.82 billion. For the fiscal first quarter, Take-Two projected bookings in the ballpark of $1.25 billion to $1.30 billion, falling short of the estimated $1.28 billion.
Cava Group, the Mediterranean restaurant chain, saw its shares dip by 4% in after-hours trading. The company’s full-year guidance for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) didn’t quite meet expectations, coming in at $152 million to $159 million instead of the FactSet consensus call for $159.7 million. On a positive note, revenue in the first quarter exceeded estimates, reaching $332 million compared to the $327 million consensus estimate, according to LSEG.
Doximity, the networking platform for health-care professionals, had a tough day as well, with its stock plummeting by a whopping 25% due to weak guidance. The company’s adjusted EBITDA is expected to range between $71 million and $72 million, falling short of the StreetAccount consensus estimates of $74 million. Moreover, Doximity’s full-year outlook didn’t quite hit the mark either.
