After-hours trading on Thursday delivered a mixed bag of earnings beats, cautious guidance, and corporate shake-ups. From Intel’s rebound to Deckers'stumble, here are the stocks making the biggest moves after the bell.
Alphabet Edges Higher on Anthropic Deal
Alphabet (GOOGL) ticked up about 1% after announcing a major cloud partnership with Anthropic. The deal, reportedly worth tens of billions, will give Anthropic access to as many as one million of Google’s custom Tensor Processing Units (TPUs). The move underscores Alphabet’s push to cement its role in the AI infrastructure race.
Ford Beats, But Cuts Guidance
Ford Motor (F) jumped 4% after reporting Q3 adjusted EPS of $0.45 on $47.19 billion in revenue, topping analyst estimates of $0.36 EPS on $43.08 billion. The upbeat results were tempered by a lowered full-year outlook, tied to supply chain disruptions from a fire at an aluminum supplier. Investors, however, focused on the earnings beat, sending shares higher.
Target Trims Workforce
Target (TGT) rose slightly, less than 1%, after announcing it will cut 8% of its corporate workforce, or about 1,800 jobs. It’s the retailer’s first major layoff in a decade, signaling management’s push to streamline operations amid a competitive retail environment.
Intel Surges on PC Demand Recovery
Intel (INTC) shares jumped nearly 7% after the chipmaker posted Q3 revenue of $13.65 billion, beating estimates of $13.14 billion. Adjusted EPS came in at $0.23, also ahead of expectations. The results sparked optimism that demand for Intel’s x86 PC processors is stabilizing. Intel’s stock has drawn added attention since the U.S. government took a 10% equity stake in August, making Washington its largest shareholder.
Newmont Slips Despite Beat
Newmont (NEM) fell 2% even after reporting EPS of $1.71, ahead of the $1.44 FactSet estimate, on revenue of $5.52 billion, also above consensus. The decline suggests investors may be cautious about gold’s recent volatility despite strong fundamentals.
Deckers Drops on Weak Forecast
Deckers Outdoor (DECK), parent of Hoka and Ugg, tumbled 12% after issuing a full-year revenue forecast of $5.35 billion, below the $5.45 billion analysts expected. The company did beat on Q3 results, posting EPS of $1.82 on $1.43 billion in revenue, but the softer outlook overshadowed the beat.
Boyd Gaming Dips Despite Growth
Boyd Gaming (BYD) slipped nearly 2% despite topping estimates with EPS of $1.72 on $1 billion in revenue. Analysts had expected $1.62 EPS and $875 million in revenue. Management highlighted "healthy growth in gaming revenues across all three property segments," but investors took profits after the run-up.
Applied Materials Cuts Jobs
Applied Materials (AMAT) fell more than 1% after announcing it will cut 4% of its workforce, recording a charge of $160–$180 million. The company cited "automation, digitalization, and geographic shifts" as drivers of the restructuring, with most charges booked in Q4.
The Bottom Line
Thursday’s after-hours session highlighted the market’s split personality: Intel and Ford delivered upside surprises, while Deckers and Applied Materials disappointed. With earnings season in full swing, investors are bracing for more volatility as guidance and macro headwinds weigh against strong quarterly beats.