After-hours movers:
Mobileye (MBLY) rose 2.6% after analysts at Oppenheimer initiated coverage with an ‘outperform’ rating and a price target of $28.
H.B. Fuller (FUL) fell 3% after it published fourth quarter EPS and revenue that trailed estimates. In the fourth quarter, the company encountered an unexpected deceleration in volume across the majority of our end markets. Furthermore, delays in customer order patterns, particularly in the consumer product goods related market segments, shifted price increase realization into fiscal 2025, delaying the offset of higher raw material costs and resulting in margin deterioration.
Concentrix Corporation (CNXC) fell 5% after it offered guidance that disappointed investors, despite beating estimates for fourth quarter results. Concentrix Corporation sees FY2025 EPS of $11.18-$11.77, versus the consensus of $11.97. Concentrix Corporation sees FY2025 revenue of $9.47-9.61 billion, versus the consensus of $9.726 billion.
Snap (SNAP) declined 3% and Meta fell 2% amid rumors Trump is considering an executive order hoping to save TikTok. The source of the chatter was the Washington Post.
