Top after-hours movers: Bed Bath & Beyond, Applied Materials, Weber and more

Top trending tickers in after-hours trading:

Applied Materials (AMAT): The semiconductor equipment maker issued bullish guidance despite supply-chain challenges, sending shares higher in after hours. AMAT forecasted fourth-quarter revenue of $6.65 billion, above the Street’s estimates. In the earnings release, CEO and President Gary Dickerson noted “We feel confident in our ability to navigate macroeconomic headwinds and remain very positive about the long-term strength of the semiconductor market and our outsized growth opportunities.” Dickerson also highlighted that “ongoing supply chain challenges constrained our ability to meet demand” during the quarter and the company’s “top priority remains increasing shipments to our customers.”

Bed Bath & Beyond (BBBY): GameStop (GME) Chairman Ryan Cohen completed the planned sale of his entire stake in the company, a filing with the SEC revealed. Cohen’s RC Ventures held an 11.8% position, or 9.4 million shares of stock…

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This article was written by and originally published on finance.yahoo.com