Global Courant 2023-04-28 02:20:53
A robot prepares to pick up a tote bag of product from the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida.
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Check out the businesses making headlines after hours.
Amazon – Amazon was up 7% in extended trading after reporting a drop in revenue in the first quarter. The online retail giant posted revenues of $127.4 billion, surpassing Refinitiv’s consensus estimate of $124.5 billion.
Intel – Intel shares fell 1.2% after initially rising in the wake of Q1 results. The semiconductor company reported its largest quarterly loss ever. However, it beat analysts’ expectations on the top and bottom lines. The semiconductor company reported a loss of 4 cents per share ex-items on revenue of $11.7 billion in the first quarter. Analysts polled by Refinitiv forecast a loss per share of 15 cents on revenue of $11.04 billion.
snap – Shares on social media plunged nearly 20% in extended trading on Thursday following the company’s first-quarter results. Snap reported first-quarter revenue of $989 million, down from the estimated $1.01 billion, according to data from Refinitiv. On the other hand, Snap earned 1 cent per share, excluding items, which beat the forecast loss per share of 1 cent.
pinterest – Pinterest shares fell 8%. According to consensus estimates from Refinitiv, the image-sharing company beat expectations on the top and bottom lines in the first quarter. However, expectations for revenue growth in the second quarter were disappointing. The company expects operating costs to rise in the low teens.
Boston beer – Boston Beer shares fell 3.2% in extended trading. The brewery behind the Samuel Adams and Twisted Tea brands missed analysts’ top and bottom line expectations, according to data from Refinitiv.
First solar energy – The share of solar energy lost more than 5% due to disappointing results in the first quarter. The company reported earnings of 40 cents per share on revenue of $548 million. Analysts were expecting earnings per share of $1.02 on revenue of $718 million, according to Refinitiv.
T-Mobile US – T-Mobile US shares fell as much as 2.5% after first-quarter revenue for the telecommunications company came in lower than expected, Refinitiv said.
Cloud cover – Cloudfare plummeted 23% in extended trading after posting lower-than-expected revenue in the first quarter and issuing a mediocre second-quarter and full-year forecast.
L3Harris Technologies – L3Harris Technologies added more than 3% in extended trading after beating first quarter earnings and revenue expectations. The defense contractor posted earnings of $2.86 per share ex-items on revenue of $4.47 billion in the first quarter. Analysts polled by Refinitiv expected earnings per share of $2.85 on revenue of $4.25 billion.
Amgen – Amgen fell 2.2% after disappointing first-quarter sales expectations. The biotech company reported $6.11 billion in revenue, lower than estimates of $6.17 billion from analysts polled by Refinitiv. Amgen beat earnings expectations.
Honest Isaac – Shares fell 2% after Fair Isaac fell short of Q2 earnings expectations, though it beat revenue expectations. The data analytics company behind the FICO score reported adjusted earnings of $4.78 per share, weaker than the consensus estimate of $5.04 per share, according to Refinitiv.
Gilead Sciences – Shares of the biopharmaceutical company fell about 1% in extended trading after it reported disappointing earnings but beat revenue expectations, according to data from Refinitiv.
Mondelez International – Mondelez International climbed 2% after publishing first-quarter results that beat expectations at the top and bottom line, according to Refinitiv’s consensus expectations.
(TagsToTranslate)Cloudflare Inc
