The social media app will be developed by Trump Media and Technology Group (TMTG).
Rafael Henrique | LightRocket | Getty Images
Check out the companies making headlines after-hours.
Digital World — The company aiming to take public Truth Social, Donald Trump’s media company, surged 8.7% on news of Google approving the media company’s app for the Play Store. It marks a reversal as the app was previously blocked.
Victoria’s Secret — Shares of the women’s clothing retailer climbed 3.1% after it said that earnings in its latest quarter would end at the higher end of previous estimates, and reaffirmed its sales guidance.
Applied Materials — The semiconductor equipment manufacturer shed 1.7% after warning that fourth-quarter revenue and earnings would miss analyst estimates for the fiscal fourth quarter ending October 31.
Duck Creek — Shares of the insurance technology company jumped 6.6% after fourth-quarter earnings beat expectations. Revenue was up 14% from the same period a year ago, while losses from operations shrunk.
— CNBC’s Robert Hum contributed reporting
Source: https://www.cnbc.com/2022/10/12/stocks-making-the-biggest-moves-after-hours-digital-world-victorias-secret-and-more.html