An Amazon employee walks previous his Amazon Prime supply truck in Washington, DC, on February 19, 2022.
Stefani Reynolds | Afp | Getty Images
Check out the businesses making headlines in prolonged buying and selling.
Amazon — Shares gained almost 2% after the corporate beat on each prime and backside traces. Amazon posted earnings of 98 cents per share on $143.31 billion in income. Analysts surveyed by LSEG had forecast earnings of 83 cents per share on $142.5 billion in income. The promoting and Amazon Web Services segments additionally topped expectations. However, the corporate’s second-quarter income forecast was shy of estimates.
Starbucks — Shares slipped virtually 10% in prolonged buying and selling after the espresso chain missed fiscal second-quarter estimates on the highest and backside line. Starbucks earned 68 cents per share on income of $8.56 billion, and missed the forecast from analysts polled by LSEG of 79 cents per share for earnings and $9.13 billion for income.
Advanced Micro Devices – The chip firm fell greater than 7% after its gaming section income for the primary quarter got here in at $922 million, down 48% on a year-over-year foundation. Total income was barely forward of the Street’s expectations at $5.47 billion, versus the consensus estimate of $5.46 billion, per LSEG. It forecast income for the present quarter in keeping with the analyst forecast of $5.70 billion.
Pinterest — Shares surged almost 19% following an earnings and income beat within the first quarter. Pinterest reported adjusted earnings of 20 cents per share, topping forecasts for 13 cents per share, in line with LSEG. Revenue progress additionally accelerated within the quarter.
Super Micro Computer — Shares dropped almost 8% after Super Micro Computer posted fiscal third-quarter income of $3.85 billion, lacking the $3.95 billion consensus estimate, in line with LSEG. Adjusted per-share earnings of $6.65 topped the per-share estimate of $5.78. The firm additionally issued robust fourth-quarter income steering.
Chesapeake Energy — Shares have been little modified after the pure fuel producer posted disappointing earnings of 56 cents per share, excluding gadgets. The outcomes missed the FactSet consensus estimate of 59 cents per share.
Caesars Entertainment — The on line casino inventory misplaced about 3% on disappointing first-quarter outcomes. Caesars posted a wider-than-expected lack of 73 cents per share, whereas analysts had estimated losses of seven cents per share, per LSEG knowledge. Revenue additionally missed forecasts, coming in at $2.74 billion versus consensus estimates of $2.84 billion.
Mondelez International — The snack firm’s shares slipped greater than 1% regardless of saying better-than-expected first-quarter outcomes. Mondelez posted adjusted earnings of 95 cents per share on $9.29 billion in income. Analysts’ estimates known as for earnings of 89 cents per share and $9.16 billion in income, in line with LSEG knowledge. However, administration mentioned it expects forex translation to scale back web income progress by round 1.5% this 12 months.
Diamondback Energy – The oil and fuel firm posted earnings of $4.50 per share, excluding gadgets, that beat analysts’ estimates by 4 cents per share, in line with FactSet, for the primary quarter. Revenue got here in at $2.23 billion, beating expectations of $2.10 billion. The shares fell 1% after hours.
Clorox — The client items firm slipped 3%. Revenue within the fiscal third quarter got here in at $1.81 billion, lacking estimates of $1.87 billion, in line with LSEG.
— CNBC’s Sarah Min, Brian Evans, Alex Harring, Darla Mercado and Tanaya Macheel contributed reporting
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