LivePerson (LPSN) rose nearly 16% after reporting a Q2 net loss of $0.28 per share, compared with a loss of $0.38 per share a year earlier. Analysts polled by Capital IQ projected a loss of $0.38 per share. The company also raised its full-year 2020 outlook due to a surge in demand for conversational artificial intelligence software.
Microchip Technology (MCHP) retreated more than 6%. The company late Tuesday posted fiscal Q1 non-GAAP EPS of $1.56, up from $1.41 a year earlier. That beat the average EPS estimate of $1.44 from analysts polled by Capital IQ. The company also increased its quarterly cash dividend to $0.3680 per share from the previous quarter's $0.3675 per share.
Axcelis Technologies (ACLS) also declined more than 9%. On Tuesday, the company reported Q2 net income of $0.39 per share, up from $0.33 per share a year earlier. Analysts polled by Capital IQ projected EPS of $0.27.
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