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Teradyne (TER) and Photronics (PLAB) stocks soared 34.6% and 41.1% respectively, after both semiconductor equipment firms reported stronger-than-expected Q3 earnings.
Shares of Entegris (ENTG) declined following the release of financial guidance that failed to meet expectations, an event compounded by a notable insider stock sale and a price target reduction from Mizuho, reflecting broader headwinds in the semiconductor industry.
Corporate earnings season reveals a divided market, as operational efficiencies drive strong results for some, while others face sales declines and market headwinds. REV Group surpassed expectations on the back of its specialty vehicle segment, while American Outdoor Brands is navigating a sales downturn despite an innovation push.