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The Marked Chart Wire · Business
HotEarnings
Harmonic stock climbed 16.3 percent in extended sessions as its Q4 adjusted EPS outlook topped analyst forecasts. Adeia dropped 22.6 percent after lowering its full-year adjusted EBITDA projection.
Prices from Based on Mon, Nov 2 close · Opens Tue 9:30 AM ET. Each tile opens the stock's chart and news.
New to this? Read: Trading around earnings
Fabrinet
Fabrinet reported fiscal first-quarter revenue of $1.47 billion and adjusted earnings of $4.34 per share, both above estimates. The company guided for second-quarter revenue of $1.6 billion to $1.65 billion and adjusted earnings of $4.77 to $4.92 per share.
HotAehr Test Systems
Aehr Test Systems reported first-quarter revenue of $33 million, up 200 percent from a year earlier. The company raised its fiscal 2027 revenue outlook to $150 million, citing strong demand for AI semiconductor testing.
Disney
Disney is said to be considering cutting thousands of jobs, with managers instructed to reduce their teams by 20 percent.
HotApple
Shares fell after the company projected 7% to 10% sales expansion for the December quarter, even though fourth-quarter revenue climbed 12% to $114.5 billion. China figures also came in below estimates.
Apple
Apple's chief financial officer stated that the company anticipates continued increases in the cost of memory components.
Apple
Apple's CFO projects a gross margin of 45 to 46 percent for the first fiscal quarter, citing memory chip and AI costs. The company also expects services revenue to rise 8 to 9 percent and reported buying back $24 billion in shares last quarter.
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