Look at the businesses grabbing news during extended trading. with Advanced Micro Devices, Amazon, Starbucks, Pinterest, and more
Following the company’s positive top and bottom line results, Amazon’s shares increased by almost 2%. With $143.31 billion in revenue, Amazon reported earnings per share of 98 cents. According to LSEG’s survey of analysts, $142.5 billion in revenue would yield earnings per share of 83 cents. Additionally exceeding expectations were the advertising and Amazon Web Services segments. The company did not meet estimates for revenue in the second quarter, though.
starbucks.
After the coffee chain missed fiscal second-quarter estimates on both the top and bottom lines, shares of Starbucks fell by nearly 10% during extended trading. Starbucks missed the LSEG-surveyed analysts’ forecast of 79 cents per share for earnings and $9.13 billion for revenue, earning 68 cents per share on $8.56 billion in revenue.
High-Tech Micro Devices.
Following its gaming segment’s $922 million first-quarter revenue, which was 48% lower year over year, the chip company saw a more than 7% decline in revenue. LSEG reports that overall revenue came in at $5.47 billion, slightly more than the Street’s projection of $5.46 billion. According to the analyst forecast, revenue for the current quarter is expected to be $5.70 billion.
Pinterest.
Following a first-quarter earnings and revenue beat, Pinterest’s shares increased by almost 19%. LSEG reports that Pinterest exceeded analysts’ projected earnings of 13 cents per share by reporting adjusted earnings of 20 cents per share. During the quarter, revenue growth also quickened.
Super miro computer.
After Super Micro Computer reported fiscal third-quarter revenue of $3.85 billion, below the $3.95 billion consensus estimate, the company’s shares fell by almost 8%, as per LSEG. The adjusted earnings per share came in higher than expected, at $6.65 versus $5.78. Strong fourth-quarter revenue guidance was also released by the company.
Chesapeak Energy.
Following the natural gas producer’s dismal 56 cents per share, excluding items, earnings report, Chesapeake Energy shares saw minimal movement. The FactSet consensus estimate of 59 cents per share was missed by the results.
Caesars Entertainment Group.
Due to the unsatisfactory first-quarter results, the casino stock dropped by roughly 3%. LSEG data shows that Caesars reported a larger-than-expected loss of 73 cents per share, compared to analysts’ projected losses of 7 cents per share. Moreover, revenue fell short of expectations, reaching $2.74 billion as opposed to consensus estimates of $2.84 billion.
Mondelez International.
Despite reporting first-quarter results that were better than anticipated, the snack company’s shares fell more than 1%. With $9.29 billion in revenue, Mondelez reported adjusted earnings per share of 95 cents. LSEG data shows that analysts predicted $9.16 billion in revenue and 89 cents per share in earnings. The management has stated that they anticipate a 1.5% decrease in net revenue growth this year due to currency translation.
Backbone of Diamondback Energy.
For the first quarter, the oil and gas company reported earnings of $4.50 per share, excluding items, which, according to FactSet, beat analysts’ estimates by 4 cents per share. $2.23 billion in revenue was received, above the $2.10 billion forecast. After hours, the shares dropped 1%.
clorox.
The consumer goods company saw a 3% decline. LSEG reports that third-quarter fiscal revenue of $1.81 billion fell short of expectations of $1.87 billion.