Applied Materials, Digital World Acquisition and more

Kizzy D. Blount

Electronic World Acquisition Corp (DWAC): Shares of DWAC, the SPAC that designs to merge with previous President Trump’s social media organization, rose 8% in prolonged investing following reports that Google is incorporating Truth Social to its Google Participate in Retailer.

Used Resources (AMAT): The chip company decreased its earnings forecast for the fourth quarter, in aspect thanks to the new export curbs introduced by the Biden administration. Utilized Materials now expects fourth-quarter altered earnings for every share of $1.54 to $1.78, missing the street’s estimate of $2.02 for every share. Steering for Fourth-quarter internet income was revised lessen to roughly $6.4 billion, moreover or minus $250 million. In a assertion, the company said the revised outlook “reflects the effect of the new export restrictions partially offset by provide chain functionality enhancements.” Shares declined in extended investing.

Duck Creek (DCT): Shares attained right after the software program player issued upbeat steering and beat on both of those the best and base traces for its fiscal fourth quarter. Duck Creek posted altered earnings of 3 cents for every share on earnings of $80.7 million, topping the street’s estimate of $73.2 million. Fourth Quarter Fiscal 2022 Subscription income enhanced to $40.2 million, up 21% yr-in excess of-yr.

Victoria’s Magic formula (VSCO): Shares jumped more than 3% following the company projected third-quarter functioning profits will be at the top conclusion of its $10 million to $40 million guidance array. Victoria’s Magic formula designs to detail its strategic growth strategy at an trader occasion on Thursday.

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