AAPL, AMZN, INTC, etc.
Customers try out the Apple Vision Pro headset and learn about the product at an Apple store in Shanghai, China, on July 22, 2024.
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Check out the companies that made headlines in long-term trading.
apologize — Shares of the iPhone maker edged higher after the company beat analyst estimates for revenue and earnings. Apple reported fiscal third-quarter earnings of $1.40 a share, while analysts polled by LSEG had expected $1.35 a share. Revenue of $85.78 billion beat Wall Street estimates.
Intel — Chip stocks fell 17%. Intel announced it would suspend its dividend and lay off 15% of its workforce in the fourth quarter of its fiscal year. The news came as the company reported worse-than-expected quarterly results. Intel also shared disappointing guidance for the current quarter.
Amazon — Shares of the e-commerce giant fell 5% in after-hours trading. The company reported weaker-than-expected revenue for the second quarter and issued a disappointing outlook for the third quarter. However, revenue from its cloud division grew 19% in the second quarter, beating analysts’ estimates.
Doordash — Shares of the online food ordering company soared about 14% after it reported better-than-expected second-quarter revenue. DoorDash reported $2.63 billion in revenue, compared with $2.54 billion expected by analysts surveyed by LSEG. Management also raised its forecast for total marketplace order value for the third quarter.
Coinbase — The cryptocurrency exchange operator saw its shares rise about 5% in extended trading. LSEG said its second-quarter revenue was $1.45 billion, slightly above estimates of $1.4 billion.
block it — The fintech company rose more than 7% after better-than-expected adjusted profit in the second quarter. Block reported adjusted profit of 93 cents per share, beating consensus expectations of 84 cents per share, according to analysts surveyed by LSEG. Revenue of $6.16 billion, meanwhile, missed analysts’ estimates of $6.28 billion.
snap — The parent company of the instant messaging app plunged 17%. Snap said it expected adjusted revenue of $70 million to $100 million for the third quarter, missing the $110 million estimate of analysts polled by StreetAccount. Revenue in recent quarters has missed Street’s forecasts.
year — Shares of Roku surged more than 5% after the company reported better-than-expected second-quarter results. The streaming device company reported a 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 beat consensus estimates of $938 million.
Clorox — Shares up 4%. Clorox issued full-year earnings guidance of $6.55 to $6.80 per share, beating analysts’ estimates of $6.45 per share, according to analysts surveyed by LSEG. Adjusted earnings for the fiscal fourth quarter were $1.82 per share, compared with the consensus estimate of $1.56 per share.
Coterra Energy — Shares of Coterra Energy fell 1.8% after the company reported disappointing earnings. Coterra reported adjusted second-quarter earnings of 37 cents per share, which was below the FactSet consensus estimate of 39 cents per share.
Ancient D — Shares of the web hosting company rose 6% after it raised its full-year revenue guidance. GoDaddy said it would report full-year revenue of between $4.525 billion and $4.565 billion, while analysts polled by FactSet had expected $4.53 billion.
Atlassian — The software company fell more than 13% after its outlook disappointed investors. Atlassian guided for revenue of $1.149 billion to $1.157 billion for the current quarter, while analysts polled by LSEG had expected $1.16 billion.
Reservation holding – The online travel booking company fell 4%. Total bookings for the second quarter were $41.4 billion, according to StreetAccount, missing consensus estimates of $41.73 billion. The company beat both revenue and net income for the period.
— CNBC’s Sarah Min, Yun Li, Samantha Subin, Tanaya Macheel and Darla Mercado contributed reporting.