In extended trading, several companies are making headlines with significant stock movements. Applied Materials, a semiconductor company, saw its shares drop more than 7% after reports of a Justice Department probe into potential evasion of export restrictions on Chinese chip company SMIC. Meanwhile, Gap’s shares surged 15% following better-than-expected third-quarter results, with adjusted earnings of 59 cents per share on $3.77 billion in revenue. ChargePoint Holdings, the electric vehicle charging network, experienced a 26% decline in its stock after the announcement of a new CEO and lower-than-expected third-quarter revenue forecasts. Compass Minerals International reported a wider-than-expected loss in its fiscal fourth quarter, leading to a 2% decline in its shares. Conversely, Ross Stores, a clothing retailer, saw a 5.7% increase in its stock after beating third-quarter earnings and revenue expectations with $1.33 per share on $4.92 billion in revenue. These significant movements in the stock market have drawn the attention of investors and analysts alike.
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