Home / Business and Economy / Robotics Stock Soars 20% on Rosy Guidance
Robotics Stock Soars 20% on Rosy Guidance
3 Feb
Summary
- Teradyne's stock jumped 20% following strong future revenue projections.
- Palantir Technologies' stock increased nearly 5% after surpassing expectations.
- Rambus shares plunged 15% despite narrowly beating revenue estimates.
In after-hours trading, Teradyne, a robotics company, experienced a significant 20% stock surge following the release of optimistic guidance for the current quarter. The company anticipates first-quarter revenue between $1.15 billion and $1.25 billion, exceeding analyst expectations. This strong forecast overshadowed its fourth-quarter results, which also surpassed estimates.
Palantir Technologies, a software analytics firm, saw its stock climb nearly 5%. The company reported adjusted earnings of 25 cents per share and revenue of $1.41 billion, both exceeding analyst predictions. NXP Semiconductors, however, experienced a nearly 6% decline in its shares. While it beat fourth-quarter expectations, its first-quarter non-GAAP gross margin guidance of 57.0% was in line with estimates.
Further market movements included DaVita, a kidney care provider, whose shares popped 12% after providing full-year adjusted earnings guidance above consensus. Fabrinet, an electronic manufacturing services company, saw its shares slide 6% as its fiscal third-quarter guidance narrowly beat estimates. Rambus, a semiconductor company, tanked nearly 15% despite its fourth-quarter results aligning with or narrowly exceeding expectations.
