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Let’s check out the companies that are becoming a hot topic for after-hours trading. QUALCOMM — Qualcomm stock fell 2% even as the semiconductor maker reported better-than-expected first-quarter results. Adjusted earnings of $2.75 per share beat the LSEG (formerly Refinitiv) consensus estimate of $2.37 per share. Adjusted sales were $9.92 billion, exceeding analysts’ expectations of $9.52 billion. Align Technology — Shares soared 10% after Align Technology reported fourth-quarter results that beat expectations for revenue and bottom line. The orthodontic company reported adjusted earnings of $2.42 per share on revenue of $957 million. Analysts polled by LSEG had expected earnings of $2.18 per share and sales of $934 million. Align also issued a rosy outlook for first-quarter earnings. MaxLinear — Computer Hardware shares fell 11% after MaxLinear released first-quarter revenue guidance that fell short of analysts’ expectations. Max Linear’s first-quarter sales are expected to be between $85 million and $105 million, lower than analysts’ expectations of $121.8 million, according to FactSet. Boot Barn — Shares fell nearly 2% after Boot Barn reported third-quarter earnings of $1.81 per share. This compares to $1.74 per share in the year-ago period. The cowboy boots and western wear retailer also announced lower-than-expected fourth-quarter earnings and revenue guidance, according to FactSet. MetLife — MetLife stock fell about 2% even though the MetLife life insurance company reported better-than-expected fourth-quarter profits. Adjusted earnings per share were $1.93, beating expectations of $1.88, according to FactSet. Adjusted total revenue was $18.72 billion, beating the consensus estimate of $18.46 billion. Wolfspeed — Wolfspeed stock fell nearly 2% after the semiconductor maker announced weak earnings guidance for its fiscal third quarter. Wolfspeed has estimated revenue of $185 million to $215 million, but analysts polled by FactSet are looking for revenue of $222.6 million. In the most recent quarter, the company’s losses were smaller than expected and sales exceeded expectations. Qorvo — Shares rose more than 5% after Qorvo reported better-than-expected fiscal third-quarter results. The company’s adjusted earnings came to $2.10 per share, beating the FactSet consensus estimate of $1.66 per share. Sales were $1.07 billion, exceeding expectations of $1 billion.
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