Check out the companies to watch before the market opens. ExxonMobil — The energy giant reported better-than-expected second-quarter profits on the back of record production in Guyana and the Permian Basin. Earnings per share of $2.14 beat LSEG’s expectations of $2.01 per share. Shares rose slightly in early trading. Intel — Shares plunged 20% after second-quarter profits and revenues fell short of expectations. The company also announced it would lay off more than 15% of its workforce as part of a $10 billion cost-cutting effort. Snap — Shares of the Snapchat parent company fell 17% following disappointing guidance. For the third quarter, Snap expects adjusted profits of $70 million to $100 million, compared with Street accounts’ expectations of $110 million. Cloudflare — The tech company rose 7% after raising its full-year outlook. The company expects full-year earnings to be in the range of 70 cents to 71 cents per share, up from the 60 cents to 61 cents the company had previously said. Analysts surveyed by FactSet had expected full-year earnings per share of 61 cents. Full-year revenue guidance also beat expectations. Cloudflare also reported second-quarter adjusted earnings and revenue that beat expectations. DoorDash — Shares rose 9% after the food delivery service posted second-quarter revenue of $2.63 billion, beating the LSEG consensus of $2.54 billion. DoorDash also raised its third-quarter outlook for marketplace total orders. Amazon — The e-commerce stock fell more than 8% after a weaker-than-expected quarterly report. The company posted second-quarter revenue that fell short of expectations and a disappointing third-quarter outlook. The company’s cloud division revenue rose 19% in the second quarter, beating analyst expectations. Block — The fintech company rose more than 3% after reporting better-than-expected profits in the second quarter. Block reported adjusted earnings per share of 93 cents, beating LSEG’s consensus estimate of 84 cents, while revenue of $6.16 billion missed analysts’ expectations of $6.28 billion. Clorox — The household goods stock rose 1.7%. Clorox gave a full-year profit outlook in the range of $6.55 to $6.80 per share, beating LSEG’s estimate of $6.45. Fourth-quarter adjusted earnings were $1.82 per share, compared with analysts’ expectations of $1.56 per share. Apple — Shares of the iPhone maker rose 0.3%. The company beat analysts’ expectations on third-quarter sales and earnings. Apple reported earnings of $1.40 per share, while analysts surveyed by LSEG were expecting $1.35 per share.Revenue of $85.78 billion also beat market expectations. Twilio — Cloud communications stocks rose 5% after Twilio beat quarterly estimates on sales and profits. The company reported second-quarter adjusted earnings of 87 cents a share on revenue of $1.08 billion. Analysts surveyed by LSEG had expected earnings of 70 cents a share on revenue of $1.06 billion. Coinbase — Cryptocurrency exchange operator Coinbase rose 1.3%. Second-quarter revenue of $1.45 billion was slightly above LSEG’s forecast of $1.4 billion. Booking Holdings — Shares of the online travel company fell more than 5% despite second-quarter sales and profits beating expectations. Booking forecast third-quarter adjusted EBITDA of $3.25 billion to $3.35 billion, compared with analysts expecting $3.58 billion, according to a FactSet survey. GoDaddy — Shares rose about 7% after the web hosting company raised its full-year outlook. GoDaddy gave full-year revenue guidance of $4.525 billion to $4.565 billion, compared with analysts expecting $4.53 billion, according to a FactSet survey. Cotera Energy — Shares fell 1.5% after Cotera Energy reported disappointing earnings results. The company reported second-quarter adjusted earnings of 37 cents a share, below the FactSet consensus estimate of 39 cents a share. Roku — The streaming devices company rose 2.3% after markets closed Thursday, reporting a second-quarter loss of 24 cents per share, but above the 43 cents per share loss analysts surveyed by LSEG had expected. Revenue was $968 million, beating the consensus estimate of $938 million. Atlassian — The software stock fell more than 12% after issuing weak guidance. Atlassian estimates first-quarter revenue in the range of $1.149 billion to $1.157 billion, while analysts surveyed by LSEG were expecting $1.16 billion. Full-year revenue growth was also expected to miss expectations. Microchip Technology — The semiconductor stock fell 7%. First-quarter adjusted profit beat analysts’ expectations and revenue was in line with expectations.Meanwhile, the company’s second-quarter earnings per share outlook was 40 cents to 46 cents, below the consensus estimate of 59 cents, according to FactSet. Management cited a challenging macro environment that’s leading to a prolonged inventory correction. — CNBC’s Sarah Ming, Samantha Subin, Lisa Hung and Michelle Fox contributed to the report.
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