Stocks making the biggest moves after hours: MU, WS, FUL
Check out the companies making headlines after the bell : Micron Technology — The semiconductor manufacturer soared 13% after issuing strong guidance for the current quarter. The company sees fiscal first-quarter adjusted earnings coming in at roughly $1.74 per share and revenue of around $8.70 billion. Analysts polled by LSEG called for earnings per share of $1.65 and revenue of $8.28 billion. Results for the fourth quarter also topped estimates. Peers Applied Materials and Lam Research rose 3% and 4%, respectively, in sympathy. H.B. Fuller — The adhesives company fell nearly 10%. H.B. Fuller’s adjusted earnings in the fiscal third quarter came in at $1.13 per share on revenue of $918 million. Analysts polled by LSEG anticipated earnings of $1.23 per share and $944 million in revenue. Concentrix — Shares plunged 14%. The customer experience solutions company posted fiscal third-quarter adjusted earnings of $2.87 per share, while analysts were looking for $2.93 per share, according to FactSet. However, the company’s $2.39 billion revenue was higher than the $2.38 billion estimate. Armada Hoffler Properties — Shares of the real estate investment trust dipped 5% after Armada Hoffler announced the commencement of the public offering of seven million shares of its common stock. The company intends to use net proceeds to pay back a series of loans. Worthington Steel — Shares of the metal processing company dropped 4%. Fiscal first-quarter net sales came in at $834 million, reflecting an 8% decline from the year-earlier period. Adjusted earnings came in at 56 cents per share, compared to $1.26 per share a year ago. — CNBC’s Darla Mercado contributed reporting.
