Market Movers | Ultralife Soars 146%; GE HealthCare Jumps 7%; Robinhood Falls 4%; Seagate Drops 6%; Logitech Sinks 11%; Enphase Tumbles 15%

Tiger Newspress10-28 21:56

Ultralife shares surged 145.6% in morning trading after hours as EnerSys agreed to acquire the battery maker for $320 million in cash.

Ultra Clean reported third-quarter results that exceeded analyst expectations, with shares surging 8.3% in morning trading as the company posted record revenue and issued fourth-quarter guidance above Wall Street estimates.

GE HealthCare shares rallied 7% in morning trading after the medical imaging company beat third-quarter profit and revenue estimates and raised its 2026 outlook.

Driven by more active buyers and disciplined expense management, Etsy beat Wall Street’s expectations on both the top and bottom-line, launching shares higher 5.2% in morning trading.

Deutsche ‌Bank reported a 2% rise in third-quarter profit on Wednesday, defying expectations for a decline, as strength in its retail and corporate banking businesses offset weaker investment bank revenue. The shares rose 3.9%.

Alphabet shares rose 1.1% in morning trading. OpenAI plans to buy Google's AI chips, The Information reported on Tuesday, citing a person familiar ​with the matter, as technology companies ramp up spending to meet surging ‌demand for AI computing.

Intapp reported first quarter results that exceeded analyst expectations, but shares fell 2.8% in morning trading following disappointing guidance for the second quarter.

Robinhood missed Wall Street estimates for third-quarter profit, as ​slower cryptocurrency trading and higher expenses overshadowed strong activity in options and prediction markets. The shares sank 3.9% in morning trading.

NXP Semiconductors, a maker of chips for auto and industrial customers, slid 5.1% in morning trading after delivering a weaker revenue forecast than anticipated, sparking fears that a recovery in demand is slowing.

Teradyne reported third quarter results that exceeded analyst expectations, but shares fell 5.4% in morning trading.

Seagate Technology reported first-quarter financial results that exceeded analyst expectations across the board, though shares fell 5.5% in morning trading as investors appeared to take profits following the stock’s strong recent run.

Boston Scientific lowered its outlook, as it expects to end a difficult year with a fourth-quarter sales decline. Shares were down 7.7% in morning trading.

Logitech International reported second quarter results that exceeded analyst expectations, but shares tumbled 10.9% in morning trading on Wednesday as the company warned of significant supply chain disruptions impacting third quarter sales.

Enphase Energy shares fell 14.6% following the company’s third quarter results, which missed analyst expectations and included fourth quarter guidance significantly below Wall Street estimates.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment