Customers try on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024.
Costfoto | Nurphoto | Getty Images
Take a look at the businesses making headlines in prolonged trading:
Apple — Shares of the iPhone maker inched higher, as the corporate beat analysts’ estimates on the highest and bottom lines. Apple reported fiscal third-quarter earnings of $1.40 per share while analysts polled by LSEG called for $1.35 per share. Revenue clocked in at $85.78 billion, also surpassing the Street’s estimates.
Intel — The chip stock sank 17%. Intel said it might suspend its dividend within the fiscal fourth quarter, and it announced plans to put off 15% of its workforce. The news coincided with worse-than-expected quarterly results. Intel also shared disappointing guidance for the present quarter.
Amazon — Shares of the e-commerce giant dropped 5% in prolonged trading. The corporate reported weaker-than-expected revenue for the second quarter and issued a disappointing forecast for the third quarter. Revenue in its cloud division increased 19% within the second quarter, beating analysts’ estimates, nonetheless.
DoorDash — Shares surged nearly 14% after the net food ordering company reported a revenue beat within the second quarter. DoorDash posted $2.63 billion in revenue while analysts polled by LSEG had estimated $2.54 billion. Management also raised the marketplace gross order value forecast for the third quarter.
Coinbase — The crypto exchange operator saw its shares rise nearly 5% in prolonged trading. Within the second quarter, revenue got here in at $1.45 billion, barely above estimates of $1.40 billion, in line with LSEG.
Block — The fintech company rallied greater than 7% on better-than-expected adjusted earnings within the second quarter. Block reported adjusted earnings of 93 cents per share, coming above consensus calls for 84 cents per share, in line with analysts surveyed by LSEG. Meanwhile, revenue of $6.16 billion missed analysts’ estimates for $6.28 billion.
Snap — The parent of the easy messaging app cratered 17%. Snap called for third-quarter adjusted earnings to range between $70 million and $100 million, falling wanting the $110 million estimate from analysts polled by StreetAccount. Revenue for the newest quarter missed the Street’s forecasts.
Roku — Shares jumped greater than 5% after Roku posted second-quarter results that exceeded expectations. The streaming device company posted a narrower-than-expected quarterly lack of 24 cents per share, higher than the lack of 43 cents per share anticipated by analysts polled by LSEG. Revenue of $968 million topped the $938 million consensus estimate.
Clorox — The stock advanced 4%. Clorox issued fiscal full-year earnings guidance in a spread between $6.55 and $6.80 per share, coming above analysts’ estimates of $6.45 in earnings per share, in line with analysts polled by LSEG. Fiscal fourth-quarter adjusted earnings got here in at $1.82 per share, while consensus estimates called for $1.56 per share.
Coterra Energy — Shares dipped 1.8% after Coterra Energy posted disappointing earnings results. Coterra reported adjusted second-quarter earnings of 37 cents per share, below the FactSet consensus estimate of 39 cents in earnings per share.
GoDaddy — Shares jumped 6% after the hosting company raised its revenue guidance for the complete yr. GoDaddy issued full-year revenue guidance between $4.525 billion and $4.565 billion, while analysts polled by FactSet had expected $4.53 billion.
Atlassian — The software company sank greater than 13% after the corporate’s forward outlook upset investors. Atlassian guided revenue in the present quarter between a spread of $1.149 billion to $1.157 billion, while analysts surveyed by LSEG had expected $1.16 billion.
Booking Holdings – The web travel reservation company slumped 4%. Gross bookings for the second quarter got here in at $41.4 billion, missing consensus estimates of $41.73 billion, per StreetAccount. The corporate beat on the highest and bottom lines for the period.
— CNBC’s Sarah Min, Yun Li, Samantha Subin, Tanaya Macheel and Darla Mercado contributed reporting.