The lower end of PPG's range for full-year earnings guidance was also well below what analysts called for.
On the other hand, the company's earning and revenue for the fourth quarter of 2023 topped what analysts had anticipated.
Super Micro Computer — Shares of the information technology firm gained 6% after Super Micro Computer reported preliminary second-quarter adjusted earnings of between $5.40 and $5.55 per share, higher than its previous guidance of between $4.40 to $4.88 per share.
Super Micro also reported a preliminary revenue of between $3.6 billion to $3.65 billion, topping its prior guidance of $2.7 billion to $2.9 billion.
The Wall Street Journal reported late Thursday that the European Union's antitrust watchdog anticipates blocking Amazon's acquisition of iRobot.
Persons:
Hunt, Kirk Tanner, Todd Penegor, iRobot
Organizations:
PPG Industries, Micro Computer, Micro, Hunt Transport, LSEG, Wendy's, PepsiCo, Blackwells, Street Journal