After-Hours Trading Highlights

Let’s dive into some companies making headlines in after-hours trading. Palantir Technologies saw a 1% increase in its stock after it reported quarterly results that surpassed Wall Street forecasts, with government revenue jumping 52% compared to a year earlier. The company posted adjusted earnings of 21 cents per share on sales of $1.18 billion, outpacing analyst expectations of 17 cents and $1.09 billion, respectively. Additionally, Palantir provided a more optimistic outlook for the fourth quarter as its AI platform’s commercial sector continues to flourish.

On the other hand, Vertex Pharmaceuticals experienced a 4% decline after releasing mixed third-quarter figures. They earned $4.80 per share, excluding certain items, on revenue of $3.08 billion. This fell short of the $4.58 per share forecasted by analysts but, interestingly, revenue exceeded expectations of $3.06 billion.

Diamondback Energy shares dropped 2% in after-hours trading, with the company announcing plans to sell non-Permian assets from its Viper Energy subsidiary for $670 million, a deal expected to wrap up by the first quarter of 2026. Despite this, Diamondback beat analyst estimates, posting adjusted third-quarter earnings of $3.08 per share versus a predicted $2.93. The company’s revenue also surpassed expectations at $3.92 billion, compared to the $3.52 billion anticipated.

In a positive turn, Clorox reported a more than 4% rise in shares following its first-quarter results. The cleaning products giant posted adjusted earnings of 85 cents per share on $1.43 billion in revenue, comfortably ahead of analyst expectations of 79 cents per share.

Hims & Hers Health saw a substantial increase of over 6% in stock value after beating revenue estimates due to growth in enrollment and personalized care offerings. They reported revenue of $599 million, surpassing analysts’ projections of $580 million. However, their profits were below expectations, coming in at 6 cents per share against the anticipated 10 cents.

Conversely, shares of The Williams Companies fell 3% after the company reported disappointing third-quarter results. They posted adjusted earnings of 49 cents per share, which was below the expected 51 cents, although their annual sales exceeded forecasts.

On a brighter note, Upwork, a platform connecting freelancers with job opportunities, saw shares soar nearly 14% after raising its 2025 revenue forecast, buoyed by solid third-quarter results. They reported non-GAAP earnings of 36 cents per share on revenue of $201.7 million and anticipate fourth-quarter revenue between $193 million and $198 million.

IAC faced a setback with its stock dropping over 7% as its AI-generated search summaries affected website traffic, leading to disappointing third-quarter revenue. Revenue fell 8% to $589.8 million, missing LSEG’s forecast of $601.6 million, and the company revised down its 2025 adjusted EBITDA forecast.

Finally, Lattice Semiconductor, despite reporting better-than-expected third-quarter profits, saw its stock decline nearly 6%. They reported an adjusted profit of 28 cents per share on revenue of $133.3 million; still, their future predictions were seen as lackluster. The company expects a 22% increase in fourth-quarter sales and adjusted earnings per share in the range of 30 to 34 cents, both below analyst consensus.