Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- Apple (AAPL) posted decelerating sales growth in its September quarter, with China revenue missing estimates, in the first earnings report since John Ternus took over as chief executive officer.Revenue rose 12% to $114.5 billion during its fiscal fourth quarter, which ended Sept. 26, the company said in a statement Monday. Analysts had estimated $113.5 billion on average, according to data compiled by Bloomberg. Apple itself had projected revenue growth of 9% to 11%. The growth marks a slowdown from a 16% increase in the June quarter. The company didn’t update its standard iPhone in September, breaking with tradition, and supply shortages have made it difficult to deliver enough inventory. Apple is also contending with a deceleration in its services business and playing catch-up in artificial intelligence. Apple shares fell 1% in late trading after the report was released. They had climbed 24% this year through the close.
- Palantir Technologies (TK) gave a forecast for full-year revenue that beat Wall Street’s expectations, buoyed by surging demand for the company’s data analytics tools. The software developer raised its annual revenue forecast to $8.53 billion, compared with the average analyst estimate of $8.2 billion. Palantir reported revenue of $2.31 billion in the third quarter, with US commercial revenue surpassing government revenue for the first time.
- On Semiconductor (ON) reported quarterly earnings of 90 cents per share, beating the analyst estimate of 88 cents. The company announced it has entered into an agreement to acquire Ferric, Inc. for $600 million in cash, plus up to $175 million in contingent consideration. On Semiconductor stock was down 4.62% to $66.87 in Monday’s extended trading after the company posted its third-quarter fiscal 2026 results.
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