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Gainers
- Cadence Design Systems Inc CDNS shares are up 5 percent after reporting a first-quarter earnings beat. Earnings came in at 54 cents per share, beating estimates by 5 cents. Sales came in at $576.742 million, beating estimates by $7.5 million. The company issued strong second-quarter and 2019 earnings and sales guidance.
- Whirlpool Corporation WHR shares are up 5 percent after reporting a first-quarter earnings beat. Earnings came in at $3.11, beating estimates by 19 cents. Sales came in at $4.76 billion, missing estimates by $110 million.
Losers
- Rambus Inc. RMBS shares are down 6 percent after reporting first-quarter adjusted earnings of $(0.08), up from $(0.10) year over year. Sales came in at $48.4 million, up $2 million year over year. The company sees second-quarter adjusted OPEX of $65 million-$69 million.
- Guess?, Inc. GES shares are down 2 percent after reporting the intent to cut its quarterly dividend from $0.225 to $0.1125 per share. The company also said it intends to initiate an accelerated buyback for $150 million or more.
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