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Customers try on and learn about Apple Vision Pro headsets at an Apple Store in Shanghai, China, on July 22, 2024.
Cost photo | Nurfoto | Getty Images
Check out the companies making headlines in extended trading:
Apple – Shares of the iPhone maker rose slowly as the company beat analyst expectations on the top and bottom lines. Apple reported fiscal third-quarter earnings of $1.40 per share, while analysts polled by LSEG expected $1.35 per share. Revenue was $85.78 billion, also exceeding The Street estimates.
Intel – Chip stock fell by 17%. Intel said it would suspend its dividend in the fiscal fourth quarter and announced plans to lay off 15% of its workforce. The news coincided with worse-than-expected quarterly results. Intel also shared disappointing guidance for the current quarter.
Amazon – Shares of the e-commerce giant fell 5% in extended trading. The company reported weaker-than-expected sales for the second quarter and gave a disappointing forecast for the third quarter. The cloud division’s revenue rose 19% in the second quarter, exceeding analyst expectations.
DoorDash – Shares rose nearly 14% after the online food ordering company reported a sales decline in the second quarter. DoorDash posted revenue of $2.63 billion, while analysts polled by LSEG had estimated $2.54 billion. Management also increased its gross market order value forecast for the third quarter.
Coin base – The crypto exchange operator saw its shares rise almost 5% during extended trading. In the second quarter, revenue came in at $1.45 billion, slightly above estimates of $1.40 billion, LSEG said.
Block – The fintech company rose more than 7% on better-than-expected adjusted earnings in the second quarter. Block reported adjusted earnings of 93 cents per share, above consensus calls of 84 cents per share, according to analysts surveyed by LSEG. Meanwhile, revenue of $6.16 billion missed analyst estimates of $6.28 billion
Snap – The instant messaging app’s parent company fell 17%. Snap called for third-quarter adjusted profit to be between $70 million and $100 million, lower than the $110 million estimate from analysts polled by StreetAccount. Sales for the latest quarter fell short of Street forecasts.
Roku – Shares rose more than 5% after Roku posted second quarter results that exceeded expectations. The streaming equipment company posted a smaller-than-expected quarterly loss of 24 cents per share, better than the 43 cents per share loss expected by analysts surveyed by LSEG. Revenue of $968 million surpassed the consensus estimate of $938 million.
Clorox – The share rose 4%. Clorox issued full-year earnings guidance in a range of $6.55 to $6.80 per share, higher than analyst estimates of $6.45 in earnings per share, according to analysts surveyed by LSEG. Adjusted earnings for the fiscal fourth quarter came in at $1.82 per share, compared to consensus estimates of $1.56 per share.
Coterra energy – Shares fell 1.8% after Coterra Energy posted disappointing profit results. Coterra reported second-quarter adjusted earnings of 37 cents per share, below the FactSet consensus estimate of 39 cents earnings per share.
GoDaddy – Shares rose 6% after the web hosting company raised its full-year revenue guidance. GoDaddy issued full-year revenue guidance of $4.525 billion to $4.565 billion, while analysts polled by FactSet expected $4.53 billion.
Atlassian – The software company fell more than 13% after the company’s prospects disappointed investors. Atlassian’s current quarter revenue ranged from $1.149 billion to $1.157 billion, while analysts surveyed by LSEG expected $1.16 billion.
Bookings of holding companies – Online travel reservation business fell 4%. Gross bookings for the second quarter came in at $41.4 billion, missing consensus estimates of $41.73 billion per StreetAccount. The company beat on both the top and bottom lines during the period.
– CNBC’s Sarah Min, Yun Li, Samantha Subin, Tanaya Macheel and Darla Mercado contributed reporting.
