Stocks making the biggest moves after hours: Applied Materials, Ross Stores

Applied Materials — Applied Materials gained nearly 2% in extended trading after its fiscal third-quarter revenue and net income surpassed analyst expectations.

The semiconductor equipment manufacturer reported adjusted earnings per share of $1.90, exceeding the $1.74 per share that analysts polled by Refinitiv had predicted. The actual revenue was $6.43 billion, exceeding the expected $6.16 billion.

Ross Stores — The retail stock jumped 5.7% in extended trading after Ross Stores surpassed second-quarter expectations. Refinitiv estimates that the discount retailer’s earnings per share were $1.32, exceeding the $1.16 consensus estimate. It reported revenue in excess of $4.75 billion, totaling $4.93 billion.

Bill Holdings — Following the release of fiscal fourth-quarter results by the online payments company, shares of Bill Holdings declined by 5.4%. Bill reported fourth-quarter adjusted earnings of 59 cents per share and revenue of $296 million, exceeding analyst expectations on both the top and bottom lines. Analysts polled by Refinitiv anticipated earnings per share of 41 cents on revenue of $282 million. However, Bill provided a lackluster revenue forecast for the first quarter and the entire year.

The Keysight Technologies brand — Keysight provided a gloomy forecast for its fiscal fourth quarter, which led to a 7% decline in the company’s share price. Keysight expects adjusted earnings between $1.83 and $1.89 per share on revenue between $1.29 billion and $1.31 billion. FactSet analysts predicted earnings of $2 per share and revenue of $1.39 billion.

Far-flung — Shares fell 33% after Farfetch reported a revenue shortfall for the second quarter. Refinitiv’s consensus estimate of $649 million was lower than the online luxury retailer’s $572 million in revenue.

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