Stocks to Watch: Arm Holdings, Applovin, Topgolf Callaway
By Ben Glickman
Arm Holdings reported a wider-than-expected loss in the fiscal second quarter, despite posting record sales. The chip designer warned that the industry was vulnerable to changes in the economy and the trajectory of the recovery in the semiconductor industry was not clear. Shares drop 7%, to $50.61, after-hours.
Applovin's revenue grew 21% and topped estimates as it reported a larger-than-expected profit in the third quarter. The marketing platform said the quarterly performance was driven by strong results from its artificial intelligence-based advertising engine. Shares rise 16%, to $46.70, after-hours.
Topgolf Callaway Brands said it is expecting a slowdown in demand at its Topgolf locations, slashing guidance for sales and earnings. The driving range and golf equipment company's sales and profit fell in the third quarter. Shares fall 16%, to $10.44, after-hours.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 08, 2023 19:03 ET (00:03 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
3 Stocks to Buy and 3 Stocks to Sell After Earnings
-
Markets Brief: Is It Really a Surprising Quarter for Earnings?
-
After Earnings, Is Berkshire Hathaway Stock a Buy, a Sell, or Fairly Valued?
-
For Bond Investors, Delayed Rate Cuts Demand a Different Playbook
-
What’s Happening In the Markets This Week
-
How the Tokyo Stock Exchange Is Pushing for Better Shareholder Returns
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Where We See Opportunities After an Ugly Month for Stocks
-
What I Hope My 14-Year-Old Learned at Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Amazon Stock a Buy, a Sell, or Fairly Valued?
-
The 10 Best Dividend Stocks
-
3 Stocks With High Dividend Yields That Warren Buffett Likes
-
How to Invest Like Warren Buffett
-
Berkshire Hathaway Earnings: Strong Insurance Results Continue to Lift Revenue and Profitability
-
10 Questions for Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Ford Stock a Buy, a Sell, or Fairly Valued?