After-Hours Stock Movers:
Super Micro Computer (NASDAQ:) fell 10% after its preliminary guidance for quarterly sales trailed estimates. It sees net sales in a range of $5.9 billion to $6.0 billion compared to its previous guidance range of $6 billion to $7 billion for the September quarter.
Exact Sciences (NASDAQ:) fell 28% after it lowered guidance for full year revenue. It sees total yearly revenue of $2.730 – $2.750 billion vs $2.810 – $2.850 billion previously.
Coupang (CPNG) fell 6% despite reporting EPS and revenue that beat estimates. Net revenues were $7.9 billion, up 27% YoY on a reported basis and 32% YoY on an FX-neutral basis.
Microchip Technology (NASDAQ:) fell 4% after issuing a disappointing outlook. Net sales were $1.164 billion in the second quarter, down 6.2% sequentially and down 48.4% from the year ago quarter.
Lumen Technologies (LUMN) rose 4% after raising full year guidance for free cash flow. It sees free cash flow of $1.2 to $1.4 billion vs $1.0 to $1.2 billion prior.
Trump Media & Technology Group (DJT) shares were choppy after it issued third quarter results, with results from the presidential election still looming. In the third quarter, the Company had an operating loss of $23.7 million and a net loss of $19.2 million.
