After-hours movers: Gap jumps following Q3 beat, Applied Materials falls on criminal probe

November 16, 2023 5:25 PM EST

After-Hours Stock Movers:

Chargepoint Holdings Inc. (NYSE: CHPT) 27% LOWER; lowered third quarter guidance and announced a new CEO. The company sees Q3 revenue of $108 to $113 million, versus $150 to $160 million previously.

Gap, Inc. (NYSE: GPS) 15% HIGHER; posted better-than-expected third quarter results. The retailer posted EPS of $0.59, $0.42 better than the analyst estimate of $0.17. Revenue was $3.8 billion versus the consensus of $3.6 billion.

Applied Materials, Inc. (NASDAQ: AMAT) 7% LOWER; reported better-than-expected fourth quarter results but was weighed down on reports it is under US criminal probe for shipments to China's SMIC.

Ross Stores (NASDAQ: ROST) 6% HIGHER; the off-priced retailer reported Q3 EPS of $1.33 versus the consensus of $1.22. Revenue grew 7.8% year-over-year to $4.9 billion. The company also raised its guidance for the year.

Beazer Homes (NYSE: BZH) 3% HIGHER; the homebuilder beat on the top and bottom line for its fourth quarter.

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