Check out the companies making headlines during after-hours hours. Palantir Technologies — Shares rose 17% after Palantir beat revenue in the fourth quarter. According to LSEG (formerly Refinitiv), sales came in at $608.4 million, compared to analysts’ expectations of $602.4 million. The company reported adjusted earnings of 8 cents per share, in line with analyst expectations. CEO Alex Karp also highlighted the growth of the company’s artificial intelligence platform. NXP Semiconductors — The chipmaker rose 3% after its fourth-quarter results beat expectations. NXP reported adjusted earnings of $3.71 per share, 8 cents above analysts’ estimates compiled by LSEG. The company’s revenue was $3.42 billion, which also exceeded analysts’ expectations of $3.4 billion. Chegg — Shares fell 1% after lower-than-expected first-quarter earnings guidance. Meanwhile, LSEG said the company posted adjusted earnings per share, in line with analyst expectations, and sales were higher than in the fourth quarter. Vertex Pharmaceuticals — Vertex shares rose 2.6% after strong fourth-quarter sales and bottom line results. The company reported adjusted earnings of $4.20 per share, beating analysts’ estimates of $4.10 per LSEG. Revenue was $2.52 billion, slightly above the consensus estimate of $2.51 billion. Rambus — The chipmaker fell 7.9% in the fourth quarter as sales declined compared to the same period last year. Last quarter, he earned $122.2 million, down from $122.4 million a year ago. Simon Property Group — Shares rose nearly 1% after the real estate investment trust announced strong full-year earnings guidance. The occupancy rate also increased by 90 basis points year-on-year to 95.8% as of December 31, 2023. The company reported earnings in line with analyst expectations and raised its dividend to $1.95 from $1.90. Aecom — the infrastructure consulting company’s stock rose 2.6% in his. The company’s first-quarter adjusted earnings were $1.05 per share, beating consensus estimates of 95 cents per share, according to FactSet. Sales were lower than analysts expected. Aecom reported sales of $1.71 billion excluding items, compared to analysts’ expectations of $1.74 billion. Cabot — Shares of the specialty chemicals company rose 1.2% after fiscal first-quarter profits and sales beat analysts’ expectations. Cabot reported adjusted earnings per share of $1.56 on revenue of $958 million. Analysts estimate earnings of $1.50 per share and revenue of $953 million, according to FactSet.
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