U.S. Movers: Clorox, Palantir

Palantir Technologies dropped 7% to $192.80, and the company reported better-than-expected third-quarter results and fourth-quarter guidance. 

Revenue increased 63% to $1.2 billion from $725.5 million, net income advanced more than threefold to $476.7 million from $149.3 million, and diluted earnings per share rose to 18 cents from 6 cents a year ago.  

For the fourth quarter, the company guided revenue between $1.327 billion and $1.331 billion, and adjusted income from operations between $695 million and $699 million. 

Clorox Company increased 1.7% to $111.0, and the cleaning products maker reported better-than-expected fiscal first-quarter results. 

Net sales decreased 19% to $1.4 billion from $1.7 billion, net income declined 20% to $80 million from $99 million, and diluted earnings per share fell 19% to 65 cents from 80 cents a year ago. 

Adjusted earnings per share dropped 54% to 85 cents from $1.86 a year ago, primarily due to lower net sales related to its ERP transition.

U.S. Stocks Retreat from Record Highs as AI Trade Cools

Wall Street indexes struggled to rise above the flatline amid worries about a market rally concentrated in a few mega-cap stocks. 

The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite dropped 0.4% as investors debated the possible market correction. 

Benchmark indexes have rebounded more than 37% from their lows in early April; however, those gains are powered by AI enthusiasm and earnings results surpassing market expectations. 

Moreover, the Federal Reserve's two rate cuts in 2025 have supported market enthusiasm, and investors are looking for one additional rate cut this year followed by two more in the first half of 2026. 

The U.S. federal government shutdown shows no signs of ending, and the data blackout has lowered visibility into the inner workings of the U.S. economy. 

Investors are hoping that the labor market's conditions will improve and the jobless rate and churn will stabilize in the months ahead. 

U.S. Stock Movers 

Palantir Technologies dropped 7% to $192.80, and the company reported better-than-expected third-quarter results and fourth-quarter guidance. 

Revenue increased 63% to $1.2 billion from $725.5 million, net income advanced more than threefold to $476.7 million from $149.3 million, and diluted earnings per share rose to 18 cents from 6 cents a year ago.  

For the fourth quarter, the company guided revenue between $1.327 billion and $1.331 billion, and adjusted income from operations between $695 million and $699 million. 

Clorox Company increased 1.7% to $111.0, and the cleaning products maker reported better-than-expected fiscal first-quarter results. 

Net sales decreased 19% to $1.4 billion from $1.7 billion, net income declined 20% to $80 million from $99 million, and diluted earnings per share fell 19% to 65 cents from 80 cents a year ago. 

Adjusted earnings per share dropped 54% to 85 cents from $1.86 a year ago, primarily due to lower net sales related to its ERP transition.

U.S. Stocks Retreat from Record Highs as AI Trade Cools

Wall Street indexes struggled to rise above the flatline amid worries about a market rally concentrated in a few mega-cap stocks. 

The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite dropped 0.4% as investors debated the possible market correction. 

Benchmark indexes have rebounded more than 37% from their lows in early April; however, those gains are powered by AI enthusiasm and earnings results surpassing market expectations. 

Moreover, the Federal Reserve's two rate cuts in 2025 have supported market enthusiasm, and investors are looking for one additional rate cut this year followed by two more in the first half of 2026. 

The U.S. federal government shutdown shows no signs of ending, and the data blackout has lowered visibility into the inner workings of the U.S. economy. 

Investors are hoping that the labor market's conditions will improve and the jobless rate and churn will stabilize in the months ahead. 

U.S. Stock Movers 

Palantir Technologies dropped 7% to $192.80, and the company reported better-than-expected third-quarter results and fourth-quarter guidance. 

Revenue increased 63% to $1.2 billion from $725.5 million, net income advanced more than threefold to $476.7 million from $149.3 million, and diluted earnings per share rose to 18 cents from 6 cents a year ago.  

For the fourth quarter, the company guided revenue between $1.327 billion and $1.331 billion, and adjusted income from operations between $695 million and $699 million. 

Clorox Company increased 1.7% to $111.0, and the cleaning products maker reported better-than-expected fiscal first-quarter results. 

Net sales decreased 19% to $1.4 billion from $1.7 billion, net income declined 20% to $80 million from $99 million, and diluted earnings per share fell 19% to 65 cents from 80 cents a year ago. 

Adjusted earnings per share dropped 54% to 85 cents from $1.86 a year ago, primarily due to lower net sales related to its ERP transition.

Renewed Interest In AI Stocks Lifted Hong Kong Indexes

China's tech stocks rebounded on Tuesday, mirroring renewed vigor in AI-linked stocks in New York.

The Hang Seng index gained 0.2%, and the mainland-focused CSI 300 index decreased 0.4% as investors awaited the release of key earnings later this week.

AI-related stocks advanced in China and Hong Kong following two large deals in the U.S., providing another leg of support to high-flying stocks in Hong Kong. 

OpenAI struck a multi-year $38 billion data center "partnership" deal with Amazon.com and gained access to the computing power of servers using Nvidia's advanced AI chips. 

Microsoft struck a $9.7 billion cloud computing deal with Australia-based IREN Ltd.

The five-year deal grants Microsoft access to NVIDIA's high-performance graphic processor GB300, hosted at the company's 750 MW campus in Texas. 

China Indexes and Stocks

The Hang Seng Index increased 0.2% to 26,209.39, and the mainland-focused CSI 300 index fell 0.4% to 4,634.57. 

Baidu Inc. jumped 6.5% to $126.20, Alibaba Group decreased 0.7% to HK $162.10, Meituan fell 1% to HK $101.30, Tencent Holdings gained 1.7% to HK $638.50, and SMIC advanced 1.4% to HK $73.85. 

Renewed Interest In AI Stocks Lifted Hong Kong Indexes Ahead

China's tech stocks rebounded on Tuesday, mirroring renewed vigor in AI-linked stocks in New York.

The Hang Seng index gained 0.2%, and the mainland-focused CSI 300 index decreased 0.4% as investors awaited the release of key earnings later this week.

AI-related stocks advanced in China and Hong Kong following two large deals in the U.S., providing another leg of support to high-flying stocks in Hong Kong. 

OpenAI struck a multi-year $38 billion data center "partnership" deal with Amazon.com and gained access to the computing power of servers using Nvidia's advanced AI chips. 

Microsoft struck a $9.7 billion cloud computing deal with Australia-based IREN Ltd.

The five-year deal grants Microsoft access to NVIDIA's high-performance graphic processor GB300, hosted at the company's 750 MW campus in Texas. 

China Indexes and Stocks

The Hang Seng Index increased 0.2% to 26,209.39, and the mainland-focused CSI 300 index fell 0.4% to 4,634.57. 

Baidu Inc. jumped 6.5% to $126.20, Alibaba Group decreased 0.7% to HK $162.10, Meituan fell 1% to HK $101.30, Tencent Holdings gained 1.7% to HK $638.50, and SMIC advanced 1.4% to HK $73.85. 

Wall Street Indexes Looked Higher Amid Earnings Optimism, Berkshire Hathaway's Cash Soared to Record High

Wall Street indexes flatlined on Monday, as investors looked forward to a new batch of earnings from leading corporations. 

The S&P 500 index edged up 0.2%, and the tech-heavy Nasdaq Composite inched higher 0.3% amid earnings optimism.

Benchmark indexes extended their gains last week, and the tech-heavy Nasdaq Composite edged up 2.3%, and the S&P 500 index gained 4.7%.  

This week investors are anticipating another batch of earnings releases and key economic updates on international trade, labor markets, and household spending. 

The prolonged U.S. federal government shutdown is expected to continue, and investors are set to review key economic data, including ADP employment data, the University of Michigan Consumer Sentiment Index, and ISM Manufacturing and Services PMIs. 

Investors are anticipating quarterly results from Berkshire Hathaway, Uber, AMD, Pfizer, Qualcomm, and ConocoPhillips. 

In international trading, benchmark indexes in China, South Korea, India, and the eurozone edged higher as investors hoped that receding US-China trade tensions would bring near-term stability.

Under the latest framework agreement, the U.S. will pause additional 10% tariffs on Chinese goods, and China will curb its latest restrictions on rare-earth mineral exports to the U.S.

Gold extended its two-week losses after Fed Chair Jerome Powell said December's rate cut is not certain. 

The U.S. federal government shutdown entered its sixth week, and lawmakers are not ready to compromise as a food-payment assistance program covering 42 million citizens runs out of money. 

U.S. Stock Movers 

Rare-earth stocks retained their upward bias as critical minerals became the latest focus of the US-China trade rivalry. 

Critical Metals Corp. edged up 0.1% to $12.82, Energy Fuels Inc. decreased 1.0% to $20.10, NioCorp Developments declined 7.4% to $7.37, and Idaho Strategic Resources edged up 5.4% to $34.0.  

Berkshire Hathaway Class B edged 1.2% to $484.20, and the diversified conglomerate said operating earnings rose 33% in the third quarter. 

The property and casualty insurance company did not repurchase any of the stock in the latest quarter, as cash on hand surged to a record high of $382 billion.

Kimberly Clark agreed to acquire Kenvue for $48.7 billion, and the merged company with revenue of $32 billion will have a portfolio of 10 billion-dollar brands, including Kleenex, Huggies, Tylenol, and Band-Aid. 

Kenvue was spun out of Johnson & Johnson in May 2023, at an initial price of $22 a share, valuing the company at $41 billion. 

Wall Street Indexes Looked Higher Amid Earnings Optimism, Berkshire Hathaway's Cash Soared to Record High

Wall Street indexes flatlined on Monday, as investors looked forward to a new batch of earnings from leading corporations. 

The S&P 500 index edged up 0.2%, and the tech-heavy Nasdaq Composite inched higher 0.3% amid earnings optimism.

Benchmark indexes extended their gains last week, and the tech-heavy Nasdaq Composite edged up 2.3%, and the S&P 500 index gained 4.7%.  

This week investors are anticipating another batch of earnings releases and key economic updates on international trade, labor markets, and household spending. 

The prolonged U.S. federal government shutdown is expected to continue, and investors are set to review key economic data, including ADP employment data, the University of Michigan Consumer Sentiment Index, and ISM Manufacturing and Services PMIs. 

Investors are anticipating quarterly results from Berkshire Hathaway, Uber, AMD, Pfizer, Qualcomm, and ConocoPhillips. 

In international trading, benchmark indexes in China, South Korea, India, and the eurozone edged higher as investors hoped that receding US-China trade tensions would bring near-term stability.

Under the latest framework agreement, the U.S. will pause additional 10% tariffs on Chinese goods, and China will curb its latest restrictions on rare-earth mineral exports to the U.S.

Gold extended its two-week losses after Fed Chair Jerome Powell said December's rate cut is not certain. 

The U.S. federal government shutdown entered its sixth week, and lawmakers are not ready to compromise as a food-payment assistance program covering 42 million citizens runs out of money. 

U.S. Stock Movers 

Rare-earth stocks retained their upward bias as critical minerals became the latest focus of the US-China trade rivalry. 

Critical Metals Corp. edged up 0.1% to $12.82, Energy Fuels Inc. decreased 1.0% to $20.10, NioCorp Developments declined 7.4% to $7.37, and Idaho Strategic Resources edged up 5.4% to $34.0.  

Berkshire Hathaway Class B edged 1.2% to $484.20, and the diversified conglomerate said operating earnings rose 33% in the third quarter. 

The property and casualty insurance company did not repurchase any of the stock in the latest quarter, as cash on hand surged to a record high of $382 billion.

China Indexes Lacked Direction Amid Skepticism About the US-China Trade Agreement

Stocks in China lacked direction as domestic investors focused on stretched valuation and foreign investors focused on receding US-China trade tensions. 

The Hang Seng Index increased 0.5%, and the CSI 300 Index decreased 0.5% amid hopes that the mercurial U.S. president will not change his mind and fulfill the terms of the latest framework.

Despite the latest trade framework agreement, US-China trade relations are rocky, and tensions are likely to flare up amid constantly changing US trade policy and erratic Donald Trump. 

Benchmark indexes in China and Hong Kong registered losses in October amid worries about stretched valuations, slowing economic growth, and persistent weakness in the residential real estate market.

The Hang Seng Index dropped 4%, and the CSI 300 Index decreased 1.9% in the previous month, the first monthly decline since April, when the U.S. president launched a global trade war.

China Indexes and Stocks 

The Hang Seng Index gained 0.5% to 26,048.60, and the mainland-focused CSI 300 index decreased 0.5% to 4,619.67. 

Chow Tai Fook Jewellery Group Ltd. dropped 7.6% to HK $14.05, Zijin Mining Group decreased 3% to HK $31.24, and Zijin Gold International Co. Ltd. fell 1.5% to HK $129.50.  

Mininglamp Technology Group soared more than 100% to HK $286.0, and the company completed its initial public offering and listed its share on the Hong Kong Stock Exchange. 

The data intelligence application software company sold 7.16 million shares at a price of HK $141 per share and raised a net proceed of HK $902.2 million. 

Dynamiker Biotechnology Tianjin catapulted 500% to 102.53 yuan on the first day of its trading on the Beijing stock exchange. 

China Indexes Lacked Direction Amid Skepticism About the US-China Trade Agreement

Stocks in China lacked direction as domestic investors focused on stretched valuation and foreign investors focused on receding US-China trade tensions. 

The Hang Seng Index increased 0.5%, and the CSI 300 Index decreased 0.5% amid hopes that the mercurial U.S. president will not change his mind and fulfill the terms of the latest framework.

Despite the latest trade framework agreement, US-China trade relations are rocky, and tensions are likely to flare up amid constantly changing US trade policy and erratic Donald Trump. 

Benchmark indexes in China and Hong Kong registered losses in October amid worries about stretched valuations, slowing economic growth, and persistent weakness in the residential real estate market.

The Hang Seng Index dropped 4%, and the CSI 300 Index decreased 1.9% in the previous month, the first monthly decline since April, when the U.S. president launched a global trade war.

China Indexes and Stocks 

The Hang Seng Index gained 0.5% to 26,048.60, and the mainland-focused CSI 300 index decreased 0.5% to 4,619.67. 

Chow Tai Fook Jewellery Group Ltd. dropped 7.6% to HK $14.05, Zijin Mining Group decreased 3% to HK $31.24, and Zijin Gold International Co. Ltd. fell 1.5% to HK $129.50.  

Mininglamp Technology Group soared more than 100% to HK $286.0, and the company completed its initial public offering and listed its share on the Hong Kong Stock Exchange. 

The data intelligence application software company sold 7.16 million shares at a price of HK $141 per share and raised a net proceed of HK $902.2 million. 

Dynamiker Biotechnology Tianjin catapulted 500% to 102.53 yuan on the first day of its trading on the Beijing stock exchange. 

U.S. Movers: Amazon.com, Apple, Exxon Mobil

Apple Inc. gained 1.7% to $276.0, and the mobile phone maker reported better-than-expected fiscal fourth-quarter earnings. 

Total sales increased to $102.5 billion from $94.9 billion, net income advanced to $27.5 billion from $14.7 billion, and diluted earnings per share rose to $1.85 from 97 cents a year ago. 

The company declared a quarterly cash dividend of 26 cents per share payable on November 13 to shareholders on November 10. 

The popular electronic device maker provided strong guidance for the December quarter, driven by better-than-estimated demand for its iPhone 17 mobile devices. 

Amazon.com Inc. soared 13% to $251.61, and the e-commerce company reported better-than-expected third-quarter results.

Net sales increased 13% to $180.2 billion from $158.9 billion, net income rose to $21.2 billion from $15.3 billion, and diluted earnings per share advanced to $1.95 from $1.43 a year ago. 

Sales in North America increased 11% from a year ago to $106.3 billion, international segment sales rose 14% to $40.9 billion, and AWS, or cloud unit, revenue soared 20% to $33.0 billion. 

The e-commerce company "expanded Same-Day Delivery of perishable groceries to 1,000+ cities and towns in the U.S., with plans to reach 2,300+ locations by the end of 2025." 

The company guided fourth-quarter sales to fall in the range of $206 billion and $213 billion, an increase of between 10% and 13% from a year ago. 

The company estimated operating income between $21 billion and $26 billion, compared to $21.2 billion in the quarter a year ago.  

Exxon Mobil Corp. decreased 1.5% to $112.88, and the oil company reported a decline in earnings in the third quarter. 

Total revenues decreased to $85.3 billion from $90.0 billion, net income fell to $7.5 billion from $8.6 billion, and diluted earnings per share dropped to $1.76 from $1.92 a year ago. 

"Year-to-date net production was 4.7 million oil-equivalent barrels per day, highlighted by a new quarterly production record in both the Permian, with nearly 1.7 million oil-equivalent barrels per day, and Guyana, where gross production exceeded 700,000 oil-equivalent barrels per day," the company highlighted in its statement to investors.

The company increased its quarterly dividend by 4% to $1.03 per share payable on December 10 to shareholders recorded on November 14. 

U.S. Movers: Amazon.com, Apple, Exxon Mobil

Apple Inc. gained 1.7% to $276.0, and the mobile phone maker reported better-than-expected fiscal fourth-quarter earnings. 

Total sales increased to $102.5 billion from $94.9 billion, net income advanced to $27.5 billion from $14.7 billion, and diluted earnings per share rose to $1.85 from 97 cents a year ago. 

The company declared a quarterly cash dividend of 26 cents per share payable on November 13 to shareholders on November 10. 

The popular electronic device maker provided strong guidance for the December quarter, driven by better-than-estimated demand for its iPhone 17 mobile devices. 

Amazon.com Inc. soared 13% to $251.61, and the e-commerce company reported better-than-expected third-quarter results.

Net sales increased 13% to $180.2 billion from $158.9 billion, net income rose to $21.2 billion from $15.3 billion, and diluted earnings per share advanced to $1.95 from $1.43 a year ago. 

Sales in North America increased 11% from a year ago to $106.3 billion, international segment sales rose 14% to $40.9 billion, and AWS, or cloud unit, revenue soared 20% to $33.0 billion. 

The e-commerce company "expanded Same-Day Delivery of perishable groceries to 1,000+ cities and towns in the U.S., with plans to reach 2,300+ locations by the end of 2025." 

The company guided fourth-quarter sales to fall in the range of $206 billion and $213 billion, an increase of between 10% and 13% from a year ago. 

The company estimated operating income between $21 billion and $26 billion, compared to $21.2 billion in the quarter a year ago.  

Exxon Mobil Corp. decreased 1.5% to $112.88, and the oil company reported a decline in earnings in the third quarter. 

Total revenues decreased to $85.3 billion from $90.0 billion, net income fell to $7.5 billion from $8.6 billion, and diluted earnings per share dropped to $1.76 from $1.92 a year ago. 

"Year-to-date net production was 4.7 million oil-equivalent barrels per day, highlighted by a new quarterly production record in both the Permian, with nearly 1.7 million oil-equivalent barrels per day, and Guyana, where gross production exceeded 700,000 oil-equivalent barrels per day," the company highlighted in its statement to investors.

The company increased its quarterly dividend by 4% to $1.03 per share payable on December 10 to shareholders recorded on November 14. 

U.S. Movers: CVS Health, Seagate Technology, Visa

CVS Health Corp. increased 0.8% to $82.64, and the pharmaceutical retailer hiked its outlook and reported better-than-expected third-quarter results. 

Total revenues rose 7.8% to $102.9 billion from $95.4 billion, net income swung to a loss of $3.99 billion from a profit of $71 million, and diluted earnings per share turned to a loss of $3.13 compared to a profit of 7 cents a year ago.  

The third quarter GAAP diluted loss per share of $3.13 reflects a $5.7 billion goodwill impairment charge related to the Health Care Delivery reporting unit, partially offset by a gain of $483 million on the deconsolidation of Omnicare, LLC in connection with the initiation of Omnicare's voluntary Chapter 11 proceedings. 

Adjusted earnings per share, which excludes certain items and transactions, increased to $1.60 from $1.09 in the prior year primarily due to improved adjusted operating income in the Health Care Benefits segment.

The company raised its full-year 2025 guidance range to between $6.55 and $6.65 from the previous range between $6.30 and $6.40. 

CVS estimated 2025 GAAP diluted loss per share to range between 34 cents and 24 cents from the previous estimated profit range between $3.84 and $3.94.  

Seagate Technology Holdings PLC increased 6.7% to $238.30, and the data storage company reported sharply higher results in the fiscal first quarter ending on October 3. 

Revenue increased to $2.6 billion from $2.2 billion, net income advanced to $549 million from $305 million, and diluted earnings per share rose to $2.43 from $1.41 a year ago. 

The company declared a cash dividend of 74 cents per share, payable on January 9, 2026, to investors on record on December 24, 2025. 

The company estimated fiscal second quarter revenue of $2.7 billion, with a band of $100 million, and adjusted earnings per share of $2.75, with a band of 20 cents. 

Visa Inc. increased 1% to $347.21, and the payment processor reported better-than-expected fiscal fourth-quarter results. 

Revenue increased 12% to $10.7 billion, net income decreased 4% to $5.1 billion, and diluted earnings per share eased 1% to $2.62. 

Payment volume rose 9%, driven by a 12% rise in cross-border volume, and processed transactions advanced 10% from a year ago.

U.S. Movers: CVS Health, Seagate Technology, Visa

CVS Health Corp. increased 0.8% to $82.64, and the pharmaceutical retailer hiked its outlook and reported better-than-expected third-quarter results. 

Total revenues rose 7.8% to $102.9 billion from $95.4 billion, net income swung to a loss of $3.99 billion from a profit of $71 million, and diluted earnings per share turned to a loss of $3.13 compared to a profit of 7 cents a year ago.  

The third quarter GAAP diluted loss per share of $3.13 reflects a $5.7 billion goodwill impairment charge related to the Health Care Delivery reporting unit, partially offset by a gain of $483 million on the deconsolidation of Omnicare, LLC in connection with the initiation of Omnicare's voluntary Chapter 11 proceedings. 

Adjusted earnings per share, which excludes certain items and transactions, increased to $1.60 from $1.09 in the prior year primarily due to improved adjusted operating income in the Health Care Benefits segment.

The company raised its full-year 2025 guidance range to between $6.55 and $6.65 from the previous range between $6.30 and $6.40. 

CVS estimated 2025 GAAP diluted loss per share to range between 34 cents and 24 cents from the previous estimated profit range between $3.84 and $3.94.  

Seagate Technology Holdings PLC increased 6.7% to $238.30, and the data storage company reported sharply higher results in the fiscal first quarter ending on October 3. 

Revenue increased to $2.6 billion from $2.2 billion, net income advanced to $549 million from $305 million, and diluted earnings per share rose to $2.43 from $1.41 a year ago. 

The company declared a cash dividend of 74 cents per share, payable on January 9, 2026, to investors on record on December 24, 2025. 

The company estimated fiscal second quarter revenue of $2.7 billion, with a band of $100 million, and adjusted earnings per share of $2.75, with a band of 20 cents. 

Visa Inc. increased 1% to $347.21, and the payment processor reported better-than-expected fiscal fourth-quarter results. 

Revenue increased 12% to $10.7 billion, net income decreased 4% to $5.1 billion, and diluted earnings per share eased 1% to $2.62. 

Payment volume rose 9%, driven by a 12% rise in cross-border volume, and processed transactions advanced 10% from a year ago.

U.S. Movers: Amazon.com, Cadence Design, Chegg, F5, NXP Semiconductors

NXP Semiconductors increased 2% to $226.0, and the Dutch manufacturer reported better-than-expected third-quarter results. 

Revenue decreased 2% to $3.2 billion from $3.25 billion. Net income decreased 12% to $631 million from $745 million, and diluted earnings per share dropped 11% to $2.48 from $2.79 a year ago. 

The company's fourth-quarter guidance surpassed market expectations. 

Revenue in the fourth quarter is estimated to range between $3.2 billion and $3.4 billion, operating income between $878 million and $1.0 billion, and diluted earnings per share to fall between $2.40 and $2.81. 

Cadence Design Systems decreased 1.4% to $346.50, and the software company lifted its full-year outlook. 

Revenue increased to $1.3 billion from $1.2 billion, net income advanced to $287.1 million from $238.1 million, and diluted earnings per share rose to $1.05 from 87 cents a year ago. 

The company said the backlog at the end of the quarter increased to $7.0 billion, and revenue expected to be recognized in the next 12 months from remaining performance obligations was $3.5 billion.

Cadence estimated full-year revenue to range between $5.26 billion and $5.29 billion, and diluted net income per share to fall between $3.80 and $3.86. 

Chegg Inc. decreased to $1.40 after the company announced it would lay off 45% of its corporate staff, and the former chief executive Dan Rosensweig returned effective October 27, replacing the current CEO Nathan Schulz.

Amazon.com Inc. rose 0.4% to $228.0, and the company plans to lay off as many as 30,000 from its corporate ranks as the e-commerce company accelerates its AI investment. 

F5 Inc. dropped 7.7% to $267.53, and the cybersecurity company's guidance fell short of market expectations. 

Revenue in the fiscal fourth quarter increased 8% to $810 million from $747 million, net income advanced 15% to $190 million from $165 million, and diluted earnings per share rose to $3.26 from $2.80 a year ago. 

Systems revenue jumped 42% to $186 million, software revenue inched up 0.3% to $229 million, and global services advanced 2% to $396 million from a year ago, respectively. 

U.S. Movers: Amazon.com, Cadence Design, Chegg, F5, NXP Semiconductors

NXP Semiconductors increased 2% to $226.0, and the Dutch manufacturer reported better-than-expected third-quarter results. 

Revenue decreased 2% to $3.2 billion from $3.25 billion. Net income decreased 12% to $631 million from $745 million, and diluted earnings per share dropped 11% to $2.48 from $2.79 a year ago. 

The company's fourth-quarter guidance surpassed market expectations. 

Revenue in the fourth quarter is estimated to range between $3.2 billion and $3.4 billion, operating income between $878 million and $1.0 billion, and diluted earnings per share to fall between $2.40 and $2.81. 

Cadence Design Systems decreased 1.4% to $346.50, and the software company lifted its full-year outlook. 

Revenue increased to $1.3 billion from $1.2 billion, net income advanced to $287.1 million from $238.1 million, and diluted earnings per share rose to $1.05 from 87 cents a year ago. 

The company said the backlog at the end of the quarter increased to $7.0 billion, and revenue expected to be recognized in the next 12 months from remaining performance obligations was $3.5 billion.

Cadence estimated full-year revenue to range between $5.26 billion and $5.29 billion, and diluted net income per share to fall between $3.80 and $3.86. 

Chegg Inc. decreased to $1.40 after the company announced it would lay off 45% of its corporate staff, and the former chief executive Dan Rosensweig returned effective October 27, replacing the current CEO Nathan Schulz.

Amazon.com Inc. rose 0.4% to $228.0, and the company plans to lay off as many as 30,000 from its corporate ranks as the e-commerce company accelerates its AI investment. 

F5 Inc. dropped 7.7% to $267.53, and the cybersecurity company's guidance fell short of market expectations. 

Revenue in the fiscal fourth quarter increased 8% to $810 million from $747 million, net income advanced 15% to $190 million from $165 million, and diluted earnings per share rose to $3.26 from $2.80 a year ago. 

Systems revenue jumped 42% to $186 million, software revenue inched up 0.3% to $229 million, and global services advanced 2% to $396 million from a year ago, respectively.