— The maker of semiconductor equipment slid 0.7% after giving weak guidance. For its fiscal fourth quarter, the company anticipates adjusted earnings of $5 per share and $3.1 billion in revenue. Consensus estimates from Refinitiv show Wall Street expects $5.63 in earnings per share and $3.47 billion in revenue. That guidance overshadowed Lam's performance in its third fiscal quarter, when it beat expectations on the top and bottom lines.
— Shares dropped 4% after the regional bank reported lower-than-expected earnings for the first quarter. Zions reported earnings per share of $1.33, falling short of analysts' expectations of $1.53, according to Refinitiv. The bank also reported $679 million in net interest income, while analysts forecasted $687.5 million, per StreetAccount. Zions had rallied on Wednesday, gaining 7.
Fire Dan Nathan..obvious conflict of interest. Liberal bias...trying to get back at Elon for suspending him on Twitter.
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