Estee Lauder, Farfetch shares slide, while Hawaiian Electric gains on plan to avoid restructuring, and other stocks on the move

Shares of Applied Materials Inc. AMAT, -0.48% rose 0.5% in premarket trading after the chip-industry equipment supplier reported earnings and forecast an outlook that topped Wall Street expectations.

Stock of Bloomin’ Brands Inc. BLMN, -3.47% climbed 8% after a report in The Wall Street Journal that activist investor Starboard Value had amassed a stake in the Outback Steakhouse owner. Shares of Farfetch Ltd. FTCH, -1.65% slid 35% after the luxury-fashion company reported sales that were below Wall Street expectations.

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