Stocks Making Big Moves After Hours
- Toll Brothers and Microchip Technology stocks are making significant moves after hours.
- Investors are closely monitoring the post-bell performance of these two companies.
- The stock market activity after hours indicates potential market trends and investor sentiment.
In after-hours trading on August 20, 2024, Toll Brothers saw a 1% increase in its shares following a strong fiscal third-quarter performance that exceeded Wall Street's earnings expectations. The homebuilding company also raised its full-year deliveries guidance, signaling confidence in its ongoing operations amid a competitive housing market. Conversely, Microchip Technology experienced a decline of approximately 2% in its stock price after revealing in a regulatory filing that it had detected "potentially suspicious activity" within its IT systems. This incident has raised concerns about the impact on the company's operations, prompting investors to react cautiously. In a more positive development, Keysight Technologies' shares surged by 10% after the company provided robust fiscal fourth-quarter guidance, with revenue projections surpassing analysts' expectations. For the fiscal third quarter, Keysight reported $1.22 billion in revenue, exceeding the anticipated $1.19 billion, which bolstered investor confidence in the company's growth trajectory. Meanwhile, Coty’s stock rose nearly 1% despite the beauty company reporting a fiscal fourth-quarter loss of 3 cents per share, falling short of analysts' expectations for earnings of 4 cents. This mixed performance reflects the challenges Coty faces in the competitive beauty market, even as it manages to maintain some investor interest.