Check out the companies making headlines over the long term. Applied Materials – The materials engineering stock fell 2.5% despite third-quarter profit beating analysts’ expectations. Applied Materials earned $2.12 per share (excluding projects) on revenue of $6.78 billion. Analysts expected profits of just $2.02 per share on revenue of $6.67 billion. Coherent — The electronics maker fell 1.6% despite beating fiscal fourth-quarter profit expectations. Coherent, excluding items, earned 61 cents a share on revenue of $1.31 billion, while analysts polled by FactSet forecast earnings of 60 cents a share and $1.28 billion. The company also provided a guidance range for the current quarter that was in line with consensus expectations. H & R Block – Tax services stock rose more than 8% after announcing a 17% dividend increase and $1.5 billion in buybacks. H & R Block also said revenue in the fiscal fourth quarter was $1.06 billion and adjusted earnings per share were $1.89. Autodesk – Shares of the design technology provider fell nearly 3% after Bloomberg reported that executives are continuing with sales tactics despite saying they will stop and ignore the risks associated with the practice. The program allows the company to offer discounts to some enterprise customers who pay up front for multi-year contracts, according to Bloomberg. Amcor — Packaging shares fell 1.7% after fiscal fourth-quarter revenue missed expectations. Amcor’s revenue for the three months was $3.54 billion, below the $3.57 billion forecast by analysts polled by FactSet. However, excluding items, Amcor earned 21 cents per share, slightly above Wall Street expectations of 20 cents. Quanterix — The life sciences stock rose 3.8% after President and Chief Executive Officer Masoud Toloue disclosed buying 19,000 shares.
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