After-Hours Trading: Notable Company Movements

Here’s a look at some companies making waves in after-hours trading:

Applied Materials: The shares dropped nearly 5%. The semiconductor manufacturing equipment producer reported second-quarter revenue at $71 billion, which didn’t quite meet the analysts’ estimate of $7.13 billion. Their quarterly semiconductor revenue stood at $5.26 billion, underperforming against expectations of $5.31 billion.

Take-Two Interactive Software: This video game company saw a 2% decline after providing lower-than-anticipated guidance for its full-year bookings. They expect revenues to range between $5.9 billion and $6 billion, while the consensus estimate was around $7.82 billion. First-quarter bookings were projected between $1.25 billion and $100 billion.

Cava Group: Shares in this Mediterranean restaurant chain fell by 4%. Their full-year guidance for adjusted EBITDA is expected to be between $152 million and $159 million, which is slightly lower than the consensus forecast of $159.7 million. However, first-quarter revenues were better than expected, amounting to $332 million against an estimate of $327 million.

Doximity: The networking platform for medical professionals faced a significant drop of 25% in its stock due to disappointing guidance. Doximity anticipates an adjusted EBITDA in the range of $71 million to $72 million, but analysts had expected around $74 million. The company’s overall outlook for the year also fell short of expectations.