Several cybersecurity names are trading lower in Tuesday's after-hours session in sympathy with Palo Alto Networks, which issued weak guidance after the bell.
Matterport reported quarterly losses of 4 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $39.55 million which missed the analyst consensus estimate of $40.22 million by 1.69% and represents a 3.88% decrease over sales of $41.14 million year-over-year.
Elon Musk's SpaceX is gaining ground as a major defense contractor, strengthening its ties with military and intelligence agencies, according to the Wall Street Journal.
Wall Street opens weaker due to decline in tech stocks, Nasdaq falls by 1.5%. Investors await FOMC minutes and Nvidia earnings. Walmart and Discover Inc. report strong earnings, Expeditors Int'l and Westlake Chemical Partners LP experience declines.
Sony Group Corp. (NYSE: SONY) is "likely" to release a PlayStation 5 Pro later in 2024, following a reduction in sales forecast for the flagship console.