A customer tries on the Apple Vision Pro headset and learns about its features at an Apple store in Shanghai, China on July 22, 2024.
Costphoto | Nurphoto | Getty Images
Let’s take a look at some of the companies that are garnering attention in extended trading.
apple — The iPhone maker’s shares rose slightly after sales and profits beat analysts’ expectations. Apple reported third-quarter earnings of $1.40 a share, while analysts surveyed by LSEG had expected $1.35 a share. Revenue of $85.78 billion also beat market expectations.
Intel — Semiconductor stocks fell 17%. Intel said it was suspending its fourth-quarter dividend and announced plans to lay off 15% of its workforce. The news came on the same day that it reported disappointing quarterly earnings. Intel also provided a disappointing outlook for the current quarter.
Amazon — Shares of the e-commerce giant fell 5% during trading hours after the company reported weaker-than-expected second-quarter revenue and gave a disappointing third-quarter outlook. But its cloud division revenue grew 19% in the second quarter, beating analysts’ expectations.
DoorDash — Shares soared nearly 14% after the online food-ordering company reported second-quarter earnings that beat expectations. DoorDash’s revenue was $2.63 billion, compared with the $2.54 billion expected by analysts surveyed by LSEG. Management also raised its forecast for total marketplace orders in the third quarter.
Coinbase — Shares of the cryptocurrency exchange operator rose about 5% during trading hours. LSEG said it had second-quarter revenue of $1.45 billion, slightly beating expectations of $1.4 billion.
block — The fintech company’s shares rose more than 7% after it reported better-than-expected second-quarter adjusted profit. Block reported adjusted earnings of 93 cents a share, beating the consensus estimate of 84 cents a share, according to analysts surveyed by LSEG. Meanwhile, revenue of $6.16 billion fell short of analysts’ expectations of $6.28 billion.
snap — The instant messaging app’s parent company plunged 17%. Snap forecast third-quarter adjusted profit of $70 million to $100 million, missing the $110 million expected by analysts surveyed by Street Accounts. Revenue for the latest quarter fell short of Street expectations.
Roku — Roku shares rose more than 5% after the company reported better-than-expected second-quarter results. The streaming-devices company reported a narrower-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 beat the consensus estimate of $938 million.
Clorox — Shares rose 4%. Clorox issued a full-year earnings guidance of $6.55 to $6.80 per share, beating analysts’ expectations of $6.45 per share, according to analysts surveyed by LSEG. Fourth-quarter adjusted earnings were $1.82 per share, compared with the consensus estimate of $1.56 per share.
Kotera Energy — Shares fell 1.8% after Cotera Energy reported disappointing results. Cotera reported adjusted second-quarter profit of 37 cents a share, missing the FactSet consensus estimate of 39 cents a share.
Godaddy — Shares rose 6% after the web hosting company raised its full-year revenue outlook. GoDaddy said it expects full-year revenue of $4.525 billion to $4.565 billion, compared with analysts surveyed by FactSet expecting $4.53 billion.
Atlassian — The software company’s shares fell more than 13% after its outlook disappointed investors. Atlassian forecast revenue in the range of $1.149 billion to $1.157 billion for the current quarter, while analysts surveyed by LSEG were expecting $1.16 billion.
Booking Holdings – The online travel booking company’s results fell 4% after total bookings in the second quarter came in at $41.4 billion, below the $41.73 billion expected by Street accounts. The company beat expectations for revenue and profit for the quarter.
—CNBC’s Sarah Ming, Yun Lee, Samantha Subin, Tanaya Machel and Darla Mercado contributed reporting.
