An Amazon employee walks past his Amazon Prime delivery truck on February 19, 2022 in Washington, DC.
Stefani Reynolds | Afp | Getty Images
Check out the companies making headlines in extended trading.
Amazon — Shares rose nearly 2% after the company beat on both revenue and profit. Amazon reported profit of 98 cents per share on revenue of $143.31 billion. Analysts polled by LSEG had forecast profit of 83 cents per share on revenue of $142.5 billion. The Advertising and Amazon Web Services segments also exceeded expectations. However, the company’s second-quarter revenue forecast fell short of estimates.
Starbucks – Shares fell nearly 10% in extended trading after the coffee chain missed fiscal second-quarter sales and profit forecasts. Starbucks earned 68 cents a share on revenue of $8.56 billion, missing analysts polled by LSEG’s forecast of 79 cents a share in profit and $9.13 billion in revenue.
modern micro devices – The chipmaker slumped more than 7% after first-quarter gaming revenue hit $922 million, down 48% year-over-year. Total revenue came in slightly above Street expectations at $5.47 billion, compared to the consensus estimate of $5.46 billion, per LSEG. For the current quarter, the company forecast revenue of $5.70 billion, in line with analyst forecasts.
Pinterest — Shares rose nearly 19% after a first-quarter profit and revenue rise. According to LSEG, Pinterest reported adjusted profit of 20 cents per share, beating forecasts of 13 cents per share. Sales growth also accelerated in the quarter.
Super microcomputer – Shares fell nearly 8% after Super Micro Computer posted third-quarter revenue of $3.85 billion, missing the consensus estimate of $3.95 billion, according to LSEG. Adjusted earnings per share of $6.65 were above the estimate of $5.78 per share. The company also issued strong fourth-quarter revenue guidance.
Chesapeake Energy — Stocks were little changed after the natural gas producer reported disappointing profit of 56 cents per share, excluding items. The results missed the FactSet consensus estimate of 59 cents per share.
Caesars Entertainment — Casino shares fell about 3% due to disappointing first-quarter results. Caesars posted a wider-than-expected loss of 73 cents per share, while analysts estimated a loss of 7 cents per share, according to LSEG data. Revenue also missed forecasts, coming in at $2.74 billion versus consensus estimates of $2.84 billion.
Mondelez International — Shares of the snack company fell more than 1% even as the company reported better-than-expected first-quarter results. Mondelez posted adjusted profit of 95 cents per share on revenue of $9.29 billion. Analyst estimates were for profit of 89 cents per share and revenue of $9.16 billion, according to LSEG data. However, management expects currency translation to reduce net sales growth by approximately 1.5% this year.
Diamondback energy – The oil and gas company posted first-quarter profit of $4.50 per share, excluding items, which beat analysts’ estimates by 4 cents per share, according to FactSet. Revenue came in at $2.23 billion, beating expectations of $2.10 billion. Shares fell 1% in after-hours trading.
Clorox — The consumer goods company lost 3%. According to LSEG, revenue in the fiscal third quarter was $1.81 billion, missing estimates of $1.87 billion.
—CNBC’s Sarah Min, Brian Evans, Alex Harring, Darla Mercado and Tanaya Macheel contributed reporting
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2024-04-30 21:14:08
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