Earnings Alerts: AMAT, DASH, RDFN

Applied Materials (AMAT) exceeded the market’s expectations for earnings as well as providing better-than-expected guidance. They continue to be positive about the semiconductor outlook for the remainder of the year while also acknowledging the current supply headwinds. DoorDash (DASH) beat the street’s expectations and provided positive guidance as they continue to see an increase in active users and their non-restaurant segments continues to gain traction in the marketplace. Redfin (RDFN) beat the street’s expectations but guidance remained week as the company tries to navigate a difficult housing market. Pricing model constraints continues to nerve investors as competitors have been proactive in changing their business structure in a rapid changing environment.