Check out the companies making headlines in extended trading. Applied Materials — The material engineering stock slipped 2.5% despite third-quarter earnings coming in better than analysts anticipated. Applied Materials earned $2.12 per share, excluding items, on $6.78 billion in revenue. Analysts had penciled in just $2.02 a share in profits and $6.67 billion in revenue. Coherent — The electronic manufacturing stock slid 1.6% despite fiscal fourth-quarter earnings topping expectations.
H & R Block also said it earned an adjusted $1.89 per share on $1.06 billion in revenue during the fiscal fourth quarter. Autodesk — The design technology provider dropped nearly 3% after Bloomberg reported that executives continued utilizing a sales strategy despite saying it would stop and ignored risks related to the practice. This plan allowed the company to provide discounts to some corporate customers who would pay up front for multiyear contracts, according to Bloomberg.