Here’s a look at companies in midday trading that are in the spotlight: Chevron — The oil giant’s shares fell 2.7% after its second-quarter profit missed Wall Street expectations. Chevron reported adjusted earnings of $2.55 a share on revenue of $51.18 billion. Analysts surveyed by LSEG had expected earnings of $2.93 a share on revenue of $50.8 billion. Intel — The chipmaker plunged more than 26% on track for its worst one-day performance ever after weaker-than-expected guidance and significant layoffs. Intel said it would cut 15,000 jobs and not pay a fourth-quarter dividend. Amazon — The e-commerce company’s shares fell 9% after Amazon reported a disappointing third-quarter outlook. The company now expects fourth-quarter revenue of $154 billion to $158.5 billion, while analysts surveyed by LSEG are expecting $158.24 billion. Apple — The tech giant’s shares rose about 1% as one of the few stocks to rise in Friday’s sell-off after the company beat Wall Street expectations in its third-quarter results. Apple’s overall revenue rose 5% year-over-year, with iPhone, iPad and services sales all beating analysts’ expectations. Snap — Shares of Snapchat’s parent company fell 26% after it released a weaker-than-expected third-quarter outlook. Snap now expects adjusted profits in the range of $70 million to $100 million, while analysts surveyed by LSEG are expecting $110 million. Cloudflare — Shares rose about 7% after the tech company raised its full-year outlook. Cloudflare now expects full-year adjusted earnings of 70 to 71 cents per share, up from a previous range of 60 to 61 cents per share. DoorDash — Shares of the food delivery company rose 8.3% after the company’s second-quarter revenue beat Wall Street expectations. DoorDash reported revenue of $2.63 billion, beating analysts polled by LSEG’s forecast of $2.54 billion. Clorox — Shares rose 7.4%. The home and cleaning supplies company raised its forecast after its fourth-quarter results beat expectations. Clorox now expects full-year adjusted earnings of $6.55 to $6.80 per share, compared with analysts polled by LSEG’s forecast of $6.45 per share. Twilio — The cloud communications company rose 12% after its second-quarter results beat analysts’ expectations for sales and profits. Twilio reported adjusted earnings per share of 87 cents on revenue of $1.08 billion, compared with analysts surveyed by LSEG expecting 70 cents per share on revenue of $1.06 billion. GoDaddy — Shares rose 7% after the company raised its full-year outlook. The web hosting company now expects full-year revenue of $4.525 billion to $4.565 billion, above the $4.53 billion expected by analysts surveyed by FactSet. Coterra Energy — Shares fell more than 5% after the company’s second-quarter earnings results fell short of analysts’ expectations. Coterra reported adjusted earnings per share of 37 cents, compared with analysts surveyed by FactSet expecting 39 cents per share. Roku — Shares fell nearly 4% despite Roku’s second-quarter results beating expectations.The streaming devices company posted a quarterly loss of 24 cents per share, better than analysts’ expectations of a loss of 43 cents per share, according to LSEG. Revenue of $968 million beat the consensus estimate of $938 million. Atlassian — The software company fell more than 17% following a disappointing outlook. Atlassian now expects first-quarter revenue of between $1.149 billion and $1.157 billion, while analysts surveyed by LSEG had expected $1.16 billion. Microchip Technology — The chipmaker’s shares fell nearly 11%. First-quarter adjusted earnings beat analysts’ expectations, and revenue was in line with expectations. Current-quarter earnings and revenue guidance were below market expectations, according to FactSet. Management pointed to a challenging macro environment that caused a prolonged period of inventory correction. —CNBC’s Hakyeon Kim, Sara Min and Yun Lee contributed reporting.
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