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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Estee Lauder’s stock falls after earnings beat is offset by soft guidanceEstee Lauder Inc.’s stock fell 2% premarket Friday, after the cosmetics company posted better-than-expected earnings for its fiscal fourth quarter but...
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Stocks making the biggest moves premarket: Estee Lauder, Bloomin' Brands, Palo Alto Networks and moreShares of some Chinese companies, ranging from e-commerce giants JD.com and Alibaba to electric vehicle manufacturer Nio, declined in premarket trading Friday.
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