H&R Block (NYSE:HRB) – The tax preparation services company reported fourth-quarter fiscal revenue of $1.063 billion and earnings per share of $1.89, exceeding forecasts of $1.028 billion and $1.74, respectively. For 2025, the company projects revenue between $3.69 billion and $3.75 billion, with earnings per share between $5.15 and $5.35, also above estimates. The company also announced a 17% dividend increase and a $1.5 billion share repurchase. Shares closed up 1% on Thursday and rose 9.6% in pre-market.
Applied Materials (NASDAQ:AMAT) – The semiconductor equipment company reported adjusted earnings per share of $2.12, beating estimates of $2.03, with revenue of $6.78 billion, above the forecast of $6.68 billion. Demand for artificial intelligence chips drove growth. The company projects revenue of $6.93 billion and earnings per share between $2 and $2.36 in the next quarter. Shares fell 3.2% in pre-market after rising 5.1% on Thursday.
Coherent (NYSE:COHR) – The optical and laser solutions company for industries reported fourth-quarter fiscal adjusted earnings of 61 cents per share on revenue of $1.31 billion. These results surpassed FactSet analysts’ expectations of 60 cents per share and $1.28 billion in revenue. Shares rose 0.03% in pre-market after a 6.4% increase on Thursday.
Amcor (NYSE:AMCR) – The sustainable packaging company reported $3.54 billion in revenue for the quarter, below FactSet analysts’ expectations of $3.57 billion. However, Amcor posted adjusted earnings of 21 cents per share, slightly above the market estimate of 20 cents. Shares closed up 1.8% on Thursday and fell 0.7% in pre-market.
ReNew Energy Global (NASDAQ:RNW) – The renewable energy and sustainable solutions company reported break-even quarterly earnings, below the estimate of $0.08 and last year’s $0.09, with revenue of $299 million, 13.23% below expectations.
Despegar (NYSE:DESP) – The leading travel agency in Latin America reported 12% revenue growth, reaching $185 million in the second quarter, with adjusted net income rising 397% to $30.2 million. Adjusted EBITDA increased 22%, driven by operational efficiency and Travel Package sales. The company revised its annual revenue forecast to $760 million and adjusted EBITDA to $160 million, reflecting an optimistic outlook for 2024. Shares are stable in pre-market after a 3% rise on Thursday.
Alvotech (NASDAQ:ALVO) – The biotechnology company focused on biosimilar medicines reported record revenue of $236 million in the first six months of 2024, a significant increase from the previous year, with earnings of $65.2 million in the second quarter. However, the second-quarter loss per share was -$0.61, below expectations. The company attributed the loss to financial costs but highlighted strong growth in orders and product launches. Shares are stable in pre-market after an 8% rise on Thursday.
Globant (NYSE:GLOB) – The digital technology and innovation services company reported adjusted earnings per share of $1.51 in the second quarter, above the estimate of $1.49, and revenue of $587.5 million, an 18.1% year-over-year increase. For the third quarter, Globant projects revenue between $611 million and $617 million, with adjusted EPS of $1.60-$1.64. Shares are stable in pre-market after a 1.7% rise on Thursday.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.