Check out the companies making headlines before the bell: Advanced Micro Devices — The semiconductor maker rose about 11% after it inked a multiyear deal with Meta to lend up to 6 gigawatts of its graphics processing units to artificial intelligence data centers. The cost of the deal is unclear, but the companies’ agreement includes a a performance-based warrant that could amount to up to 160 million of AMD shares, according to a statement dated Tuesday. Home Depot — The home-improvement retailer gained 2.7% after posting fourth-quarter adjusted earnings of $2.72 per share on revenues of $38.20 billion. That exceeded the per-share earnings of $2.54 on revenues of $38.12 billion expected by analysts polled by LSEG. Hims & Hers Health — Shares dropped nearly 7% after the online health platform posted disappointing guidance. Hims & Hers Health forecasts first-quarter revenue in the range of $600 million to $625 million, far below the $653 million expected by analysts surveyed by FactSet. First-quarter adjusted EBITDA is expected to come in the range of $35 million to $55 million, below the $82 million StreetAccount estimate. Diamondback Energy — Shares of the Texas-based oil and gas company dropped 3%. Diamondback Energy posted fourth-quarter earnings of $1.74 per share, on an adjusted basis, which was weaker than the LSEG consensus estimate of $2.08 per share. Keysight Technologies — The American provider of electronic design, emulation and test solutions rallied 15% after posting first-quarter earnings and revenue that surpassed expectations. Keysight reported earnings of $2.17 per share, on an adjusted basis, on revenues of $1.60 billion. Analysts surveyed by LSEG had expected per-share earnings of $2.00 on revenues of $1.54 billion. Ultra Clean Holdings — Shares fell more than 8% after the company reported fourth-quarter earnings in line with expectations and a revenue beat, according to analysts surveyed by FactSet. But while expected, both the earnings and revenue figures for the semiconductor parts supplier were smaller compared to the same quarter in 2024. BWX Technologies — The supplier of nuclear components and fuel reported stronger-than-expected results in the fourth quarter, and issued rosy guidance for the current quarter. BWX posted earnings of $1.08 per share, excluding items, greater than the 89 cents per-share earnings expected by analysts polled by FactSet. Revenue of $885.8 million also exceeded the estimated $837.5 million. Whirlpool — The appliance maker fell 8.6% after announcing it will issue $800 million in common stock and depositary shares. Whirlpool said the proceeds will be used to pay off debt and for strategic investments, including automation. OneOK — The Tulsa, Oklahoma-based oil and gas midstream operator dipped 2% after posting weaker-than-expected guidance for the full year ending December. ONEOK forecasts per-share earnings of $5.45, lower than the FactSet consensus estimate of $5.80. — CNBC’s Michelle Fox, Davis Giangiulio and Liz Napolitano contributed reporting
Trending
- LARRY KUDLOW: Now is the time for Jay Powell to resign
- Canada fights stigma over standing liquidity facility
- Evernorth Wins Shareholder Vote for Nasdaq XRP Treasury Listing
- Finastra Launches AI Feature to Help Banks Resolve Payment Errors
- Stocks making the biggest moves midday: ACN SNPS UTHR VICR
- The hidden silver lining of high interest rates: safer, cheaper retirement income
- Sri Lanka holds rates as inflation remains high
- Crypto industry gave $8 million to Clarity Act lobbyists who didn’t close the deal
Friday, October 2
