After-Market Movers: Super Micro Computer, Exact Sciences, Trump Media & Technology

Post-Market Stock Movements:

Super Micro Computer (NASDAQ:SMCI) dropped 10% after its quarterly sales forecast fell below expectations. The company revised its previous net sales forecast for the September quarter from a range of $6 billion to $7 billion to a range of $5.9 billion to $6.0 billion.

Exact Sciences (NASDAQ:EXAS) lost 28% in value after lowering its annual revenue forecast. The company reduced its total annual revenue guidance from the previously stated range of $2.810 billion to $2.850 billion to a range of $2.730 billion to $2.750 billion.

Coupang (CPNG) fell 6% despite reporting earnings per share and revenue figures that exceeded estimates. Net revenues were reported at $7.9 billion, indicating a 27% increase on a reported basis compared to the same period last year, and a 32% increase on a constant currency basis.

Microchip Technology (NASDAQ:MCHP) lost 4% after releasing a disappointing outlook. For the second quarter, net sales were reported at $1.164 billion, marking a decline of 6.2% from the previous quarter and a 48.4% drop compared to the same period last year.

Lumen Technologies (LUMN) gained 4% after raising its free cash flow forecast. The company increased its free cash flow guidance from a previously anticipated range of $1.0 billion to $1.2 billion to a range of $1.2 billion to $1.4 billion.

Shares of Trump Media & Technology Group (DJT) exhibited volatility following the release of its third-quarter results, with presidential election outcomes remaining uncertain. The company reported a $23.7 million operating loss and a net loss of $19.2 million in the third quarter.