— Shares of the athletic footwear and apparel retailer tanked more than 12% after the company said it expects global supply chain constraints to persist through this quarter. The sell-off in shares comes despite a beat on both the top and bottom lines for Foot Locker's most recent quarter, as well as better-than-expected comparable store sales.— Shares of Applied Materials retreated 2.3% after the semiconductor equipment maker missed on quarterly earnings estimates.
Applied Materials also gave a weaker-than-expected current-quarter outlook citing supply shortages.— Ross Stores shares dipped 6% despite an earnings beat. The off-price retailer posted quarterly earnings of $1.09 per share, beating the 78-cent Refinitiv consensus estimate. However, the discount retailer said it was seeing significant supply chain issues and uncertainty heading into the holiday shopping season.— Workday shares fell 3.
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