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Stocks to Watch: Applied Materials, DoorDash, Roku, Yelp

By Ben Glickman


Applied Materials' revenue was flat in the fiscal first quarter as declines in its semiconductor business were offset by increases in its other segments. The company issued upbeat outlook for the fiscal second quarter, with revenue and adjusted earnings guidance ranges above analysts' expectations at the midpoint. Shares rise 13% to $211.95 after hours.

DoorDash posted a wider-than-expected loss, despite the delivery company's sales and gross order value topping analysts' estimates. Food-delivery competitor Uber last week reported its first full year of profitability, but DoorDash hasn't outlined when it will post positive earnings. Shares fall 8.1% to $116.02 after hours.

Roku said it expected gross profit of about $370 million in the fiscal first quarter, below analysts' expectations. The company said in a shareholder letter that it is mindful of "near-term challenges in the macro environment and an uneven ad market recovery." Shares tumble 14% to $81 after hours.

Yelp warned it was seeing macro pressures, including higher input costs, pressuring businesses, along with factors such as severe weather and respiratory illness. The company forecast first-quarter and 2024 revenue below analysts' expectations. Shares sink 9.4% to $40.20 after hours.


Write to Ben Glickman at


(END) Dow Jones Newswires

February 15, 2024 18:40 ET (23:40 GMT)

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