AMAT Reports Earnings But PTLO Surges From Activist Stake
WEB Applied Materials' Earnings
WEB Applied Materials (AMAT) reported solid top and bottom line results for its third quarter. The semiconductor-equipment company posted higher quarterly revenue and profit driven by artificial intelligence.
Despite the positive results, WEB Applied Materials shares fell 3% to $205.30 in the after-hours trading session. Analysts are expecting CIT Inc.
PTLO's Activist Stake
PTLO (PTLO) shares rose 3% after CNBC reported that activist investor Engaged Capital has a stake in the company and is pushing it to improve.
Engaged Capital is known for its successful activist campaigns, and its involvement in PTLO could lead to significant changes at the company.
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