AFTERMARKET MOVES | Palantir Slides Despite Revenue Milestone; Upwork, Fabrinet Surge on Guidance

According to CNBC, several companies made notable moves in extended trading. Palantir Technologies shares fell about 2% even after third-quarter earnings topped Wall Street estimates, with revenue nearly doubling year over year and surpassing $2 billion for the first time. U.S. commercial revenue jumped 148% to $984 million, exceeding U.S. government revenue of $953 million. Palantir also projected approximately $2.65 billion in fourth-quarter revenue and $8.53 billion for full-year 2026. Upwork surged 10% after raising its full-year adjusted earnings guidance to a range of $1.45 to $1.47 per share, above the FactSet consensus of $1.39. Lattice Semiconductor jumped 8% after solidly beating third-quarter revenue estimates and raising its full-year forecast, guiding fourth-quarter revenue of $325 million to $345 million versus the $293 million LSEG consensus and adjusted earnings of 82 to 86 cents per share versus the 64-cent consensus. The Clorox Company added 2% after fiscal first-quarter results exceeded estimates, reporting adjusted earnings of $1.55 per share on revenue of $1.91 billion, versus expectations of $1.07 per share and $1.88 billion. On Semiconductor shares fell about 2% after announcing it would acquire Ferric, a power converter maker, for $600 million in cash plus up to $175 million in contingent consideration, while guiding fourth-quarter adjusted earnings of 95 cents to $1.07 per share versus the 95-cent LSEG consensus. Apple shares dropped 2% after the company issued a disappointing margin forecast and reported iPad sales that missed Street estimates for the fiscal fourth quarter. Fabrinet jumped more than 10% after second-quarter guidance topped estimates, projecting adjusted earnings of $4.77 to $4.92 per share on revenue of $1.6 billion to $1.65 billion versus expectations of $4.43 per share and $1.48 billion. Ibotta gained 13% after fourth-quarter guidance beat expectations, with projected revenue of $94 million to $98 million above the $93.4 million FactSet consensus, and adjusted EBITDA also topping expectations.