After-hours movers: Applied Materials, H&R Block, and more

After-Hours Stock Movers:

Applied Materials (NASDAQ: AMAT) fell 1% despite reporting solid top and bottom line results for its third quarter and issuing guidance. Management said the race for AI leadership is fueling demand for its portfolio of products and services.

H&R Block (NYSE: HRB) rose 9% after its forth quarter results beat estimates and it announced a new share repurchase authorization of $1.5 billion.

Coherent, Inc. (NYSE: COHR) fell 2% after issuing in-line results and guidance.

Autodesk (NASDAQ: ADSK) fell 2% after Bloomberg reported that executives at the firm continued to use a controversial sales strategy after promising investors it would stop and ignored internal warnings about the risks.

Portillo's Inc. (NASDAQ: PTLO) rose 3% after CNBC reported that activist investor Engaged Capital has a stake in the company and is pushing it to improve operations.

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