Online fashion house Farfetch CEO Jose Neves and members of the company's leadership team ring the opening bell to celebrate its listing on the New York Stock Exchange in New York, September 21, 2018.
Brendan McDermid | Reuters
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Farfetch shares increased 20% during extended trading after the company reported earnings in the third quarter and lifted its adjusted EBITDA fourth quarter. The luxury e-commerce platform reported an adjusted loss of $ 0.1[ads1]0 per share on revenue of $ 255.48 million. Farfetch also raised its adjusted EBITDA outlook to a loss of $ 21 million to $ 31 million next quarter. The company's shares are down about 57% so far today and reached a new YTD low during midday trading on Thursday.
NVIDIA shares climbed nearly 2% before settling just below their closing price during the chip maker's reporting of Third Quarter Results hit the top and bottom line. The company reported revenue of $ 1.78 per share on revenue of $ 3.01 billion, while Wall Street expected revenue of $ 1.57 per share and $ 2.91 billion in revenue, according to Refinitive Consensus Estimates.
NVIDIA also provided soft fourth-quarter guidance, and projected revenue of $ 2.95 billion, plus or minus 2%. This represents an increase of almost 34%, but does not include the effect of the company's expected acquisition of Mellanox.
Shares of Applied Materials emerged nearly 5% after the chipmaker reported a fourth-quarter earnings hit with strong first-quarter revenue and revenue guidance. The company reported revenue of $ 0.80 per share on revenue of $ 3.75 billion, exceeding revenue of $ 0.76 per share and $ 3.68 billion in revenue analysts, according to Refinitiv.
Next quarter, the company expects net sales of $ 4.10 billion, plus or minus $ 150 million, with adjusted diluted earnings of approximately $ 0.70 to $ 0.95 per share.
Shares of RH, formerly known as Restoration Hardware, spiked 7% after Warren Buffet's Berkshire Hathaway disclosed in a quarterly SEC filing of the roughly $ 210 million stake in the company. Shares of Occidental Petroleum climbed nearly 2% after the "Oracle of Omaha" disclosed its $ 332 million stake in the gas company. Occidental shares are down about 38% YTD, reaching a new YTD low during midday trading on Thursday.
Aurora Cannabis shares went up 8% by the clock after the company's loss of sales in the first quarter. The Canada-based company reported a total net income of $ 70.8 million CAD ($ 53.44 million), falling below $ 93.5 million CAD ($ 70.63 million) in projected revenue analysts, according to Refinitive. The company reported earnings of 1 Canadian percent per share (0.75 percent), which was not comparable to analyst estimates.