Check out the companies making headlines before the bell. Applied Materials – Shares fell more than 8% after the semiconductor equipment maker provided weak revenue guidance for the current quarter. Applied Materials said it expects $7.15 billion in its fiscal first quarter, below estimates of $7.224 billion from analysts polled by LSEG. The company also reported better-than-expected fourth-quarter financial results and provided a strong outlook for adjusted earnings per share. Shares of Alibaba – S jumped more than 3% after the Chinese e-commerce giant beat earnings expectations in the fiscal second quarter, although its sales disappointed as the company continues to grapple with weak consumer spending in China. Alibaba's net income increased by 58% year-on-year, on the back of the performance of its equity investments. Its revenue of 236.5 billion yuan was up 5% year-on-year but was below analysts' expectations of 238.9 billion yuan, according to LSEG data. Moderna — Shares of the biotechnology company fell 1.8%, extending their decline since Thursday after news that Robert F. Kennedy Jr., a prominent vaccine skeptic, had been announced as President-elect Donald Trump's nominee for Health and Human Services secretary. . Domino's Pizza, Pool Corp. – Shares of the pizza chain jumped about 6% after Warren Buffett's Berkshire Hathaway announced a new stake in Domino's in a regulatory filing. Berkshire Hathaway bought more than 1.2 million shares, valuing the investment at about $550 million at the end of September. Pool Corp shares also rose 6% as the group bought about 404,000 shares of the swimming pool supplier, worth $152 million at the end of the period. Ulta Beauty – Shares fell 5% after Berkshire Hathaway revealed in a regulatory filing that it had nearly unwinded its position in the beauty retailer, selling about 97% of its shares. Ulta was a new bet for Berkshire, which had just bought the stock in the second quarter. Palantir – The defense technology stock rose more than 2% after it said it would move its listing to the Nasdaq Global Select Market from the New York Stock Exchange. The company said it expects to be eligible to join the Nasdaq-100 once it makes the switch. — CNBC's Jesse Pound, Lisa Kailay Hahn and Pia Singh contributed reporting
Trending
- Tesla (TSLA) is stockpiling the report that Trump wants to ease self-driving rules
- TSLA, NVDA, HOOD, LBRT and more
- Stocks, news, data and earnings
- Biden allows Ukraine to use American weapons to strike Russia
- SpaceX rival TEC raises $160 million for a reusable space capsule
- Why do so many young people in the United States still live with their parents?
- McDonald's and Starbucks aim to improve
- Morgan Stanley picks Chinese stocks to weather worst-case scenarios in US tensions
Alibaba, Amat, Ulta and more
