Guidewire Software's stock dropped 21% after it provided revenue guidance for the current quarter that fell short of expectations, projecting between $372 million and $378 million against a consensus estimate of $387 million.
Tesla's shares fell 6% following an investigation announcement by the National Highway Traffic Safety Administration regarding its Cybercab's compliance with federal safety standards. In contrast, Quanex Building Products surged 19% after reporting better-than-expected third-quarter earnings of 79 cents per share and revenue of $501.8 million, exceeding analyst estimates.
Sandisk and KLA also saw gains of over 8% and 7%, respectively, as the semiconductor sector rallied. Lululemon's shares tumbled 17% after it issued a disappointing forecast, predicting earnings between 93 cents and 98 cents per share, while analysts expected $2.40.
Other notable movements included a 6.5% increase in AMC Entertainment's stock after CEO Adam Aron criticized Robinhood's stock token practices, and a 16% drop in UiPath's shares despite slightly beating revenue expectations. Overall, these movements reflect a mix of positive and negative investor reactions based on earnings performance and future outlooks