Welcome to Extreme Investor Network, where we bring you the latest updates in the world of finance and investing. Today, we are diving into the after-hours trading session to see which companies are making headlines and how their stock prices are reacting to recent news.
First up, Domino’s Pizza and Ulta Beauty. Domino’s Pizza saw its shares surge by about 8% after Berkshire Hathaway announced a new stake in the pizza chain, with Warren Buffett-led firm buying more than 1.2 million shares worth around $550 million. On the other hand, Ulta Beauty slid roughly 4% as Berkshire Hathaway nearly dissolved its position in the beauty retailer.
Next, Applied Materials, the semiconductor equipment manufacturer, experienced a 5% drop in its stock price after offering a weak revenue outlook for the current quarter. Despite posting better-than-expected fourth-quarter results and strong guidance for adjusted earnings per share, the revenue estimate fell short of analysts’ expectations.
Despegar.com, the Argentina-based online travel company, saw its U.S.-listed shares surge by 14% following a stronger-than-anticipated earnings report. With adjusted earnings of 34 cents per share on $193.9 million in revenue, Despegar.com outperformed analysts’ predictions.
In other news, Palantir Technologies, the defense tech company, added nearly 4% after announcing its transfer of stock exchange listing from the New York Stock Exchange to the Nasdaq. Palantir will continue trading under the same ticker and aims to meet requirements to be listed in the Nasdaq 100 index.
Lastly, vaccine makers faced a downturn in after-hours trading as multiple biotechnology stocks slid following the announcement of Robert F. Kennedy Jr. as President-elect Donald Trump’s nominee for secretary of the Department of Health and Human Services. Moderna and Pfizer were among the names in the red during extended trading.
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