Fabrinet, Clorox, Apple and Palantir Lead After-Hours Stock Moves

According to CNBC, Fabrinet shares jumped more than 12% after the company forecast second-quarter adjusted earnings of $4.77 to $4.92 per share on revenue of $1.6 billion to $1.65 billion, above analyst estimates of $4.43 per share and $1.48 billion. Upwork gained 11% after raising its full-year adjusted earnings outlook to $1.45 to $1.47 per share, versus the $1.39 consensus. Ibotta rose 11% after projecting fourth-quarter revenue of $94 million to $98 million, above the $93.4 million consensus, and adjusted EBITDA that also topped expectations. Lattice Semiconductor climbed more than 7% after exceeding third-quarter revenue estimates and raising its outlook; it forecast fourth-quarter revenue of $325 million to $345 million and adjusted earnings of 82 cents to 86 cents per share, both above analyst estimates. The Clorox Company added 2% after fiscal first-quarter adjusted earnings of $1.55 per share on revenue of $1.91 billion beat estimates of $1.07 per share and $1.88 billion; organic sales growth also topped expectations. Palantir Technologies shares edged higher after third-quarter earnings beat estimates. Revenue nearly doubled from a year earlier and exceeded $2 billion for the first time, including U.S. commercial revenue of $984 million, up 148%, and U.S. government revenue of $953 million. Palantir projected fourth-quarter revenue of about $2.65 billion and full-year 2026 revenue of $8.53 billion. ON Semiconductor shares fell about 2% after it agreed to acquire power-converter maker Ferric for $600 million in cash, plus up to $175 million in contingent consideration tied to revenue milestones. The company forecast fourth-quarter adjusted earnings of 95 cents to $1.07 per share, compared with the 95-cent consensus. Apple shares were little changed after it reported fiscal fourth-quarter revenue of $114.48 billion, above the $113.39 billion consensus and up 12% year over year. iPhone revenue was $57.58 billion, while iPad sales fell more than 10% to about $6.23 billion. Gross margin was 47.9%, pressured by higher memory and component costs. It was Apple's first quarterly report since CEO John Ternus took the helm on Sept. 1, succeeding Tim Cook.