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Digital World Acquisition Corp (DWAC): Shares of DWAC, the SPAC that plans to merge with former President Trump’s social media firm, rose 8% in prolonged buying and selling following stories that Google is including Reality Social to its Google Play Retailer.
Utilized Supplies (AMAT): The chip producer lowered its earnings forecast for the fourth quarter, partly as a result of new export curbs introduced by the Biden administration. Utilized Supplies now expects fourth-quarter adjusted earnings per share of $1.54 to $1.78, lacking the road’s estimate of $2.02 per share. Steerage for Fourth-quarter internet gross sales was revised decrease to roughly $6.4 billion, plus or minus $250 million. In an announcement, the corporate mentioned the revised outlook “displays the influence of the brand new export laws partially offset by provide chain efficiency enhancements.” Shares declined in prolonged buying and selling.
Duck Creek (DCT): Shares gained after the software program participant issued upbeat steering and beat on each the highest and backside traces for its fiscal fourth quarter. Duck Creek posted adjusted earnings of three cents per share on income of $80.7 million, topping the road’s estimate of $73.2 million. Fourth Quarter Fiscal 2022 Subscription income elevated to $40.2 million, up 21% year-over-year.
Victoria’s Secret (VSCO): Shares jumped greater than 3% after the corporate projected third-quarter working revenue will likely be on the high finish of its $10 million to $40 million steering vary. Victoria’s Secret plans to element its strategic progress plan at an investor occasion on Thursday.
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