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Dexcom, a manufacturer of diabetes management devices, saw its shares decline by nearly 7% in extended trading despite posting third-quarter adjusted earnings and revenue that beat expectations. The company also reaffirmed its full-year revenue guidance, which aligned with FactSet’s estimate.
L3Harris Technologies, a defense stock, experienced a 4% climb after surpassing expectations in the third quarter for both top and bottom lines. The company reported adjusted earnings of $3.34 per share on revenue of $5.29 billion, outperforming analysts’ predictions.
Capri and Tapestry made headlines as Capri shares plummeted by 48% while Tapestry shares surged by 12% after a judge blocked their $8.5 billion merger. Tapestry, the owner of Coach and Kate Spade brands, argued that the merger was necessary to compete against luxury brands like Gucci.
Western Digital, a data storage device maker, saw an 8.9% increase in its shares after reporting fiscal first-quarter adjusted earnings of $1.78 per share, slightly exceeding analyst expectations. However, revenue fell slightly below consensus forecasts.
Kinsale Capital, an insurer, witnessed a 4.7% rise in its shares after surpassing Wall Street expectations with its operating earnings per share in the third quarter.
Joby Aviation, an air taxi stock, experienced an 8% decline after filing for a $200 million common stock offering. The offering is being conducted through Morgan Stanley and Allen & Co.
Skechers, a shoe maker, jumped 5.1% after exceeding third-quarter earnings expectations. The company reported earnings per share of $1.26 and revenue of $2.35 billion, outperforming analyst forecasts.
Boyd Gaming saw its shares rise by 2.6% after posting stronger-than-expected third-quarter earnings per share. The company reported adjusted earnings of $1.52 per share and revenue of $961.2 million, beating Wall Street forecasts.
Capital One, a bank holding company, witnessed a nearly 4% increase in its shares after reporting third-quarter adjusted earnings of $4.51 per share on revenue of $10.01 billion, surpassing analyst expectations.
Deckers Outdoor, the owner of Hoka footwear, surged by nearly 9% after reporting earnings of $1.59 per share on revenue of $1.31 billion in the fiscal second quarter. The company exceeded expectations with Hoka brand net sales rising by nearly 35% from the previous year.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
