Stocks making the biggest moves after hours: Palantir, On Semiconductor, Snap & more
Check out the companies making the biggest moves after the bell: Palantir Technologies — The data analytics giant ripped 10% higher on blowout results for the second quarter that were powered by a nearly 150% surge in U.S. commercial revenue . On Semiconductor — Shares rallied 5% after the semiconductor maker’s second-quarter results beat analyst expectations. On Semi earned 74 cents per share, excluding certain items, on revenue of $1.6 billion. Analysts polled by LSEG expected a profit of 71 cents per share on revenue of $1.59 billion. The company also reported better-than-expected margins. Snap — The Snapchat parent popped 11% after releasing its results for the second quarter. The company lost 10 cents per share, though it wasn’t clear if that figure was comparable to an LSEG consensus. Revenue of $1.6 billion did beat an estimate of $1.54 billion. Global daily active users and average revenue per user — key metrics for the company — also exceeded expectations . Whirlpool — The appliance maker dropped 3% after it posted a Q2 loss that was larger than analysts anticipated. Whirlpool lost an adjusted 21 cents per share, while analysts polled by LSEG expected a loss of 5 cents per share. Revenue of $3.52 billion was also below expectations. On top of that, the company lowered its full-year earnings guidance.
