An Amazon employee walks past his Amazon Prime delivery truck in Washington, DC, on February 19, 2022.
Stefani Reynolds | Afp | Getty Images
Take a look at the businesses making headlines in prolonged trading.
Amazon — Shares gained nearly 2% after the corporate beat on each top and bottom lines. Amazon posted earnings of 98 cents per share on $143.31 billion in revenue. Analysts surveyed by LSEG had forecast earnings of 83 cents per share on $142.5 billion in revenue. The promoting and Amazon Web Services segments also topped expectations. Nevertheless, the corporate’s second-quarter revenue forecast was shy of estimates.
Starbucks — Shares slipped almost 10% in prolonged trading after the coffee chain missed fiscal second-quarter estimates on the highest and bottom line. Starbucks earned 68 cents per share on revenue of $8.56 billion, and missed the forecast from analysts polled by LSEG of 79 cents per share for earnings and $9.13 billion for revenue.
Advanced Micro Devices – The chip company fell greater than 7% after its gaming segment revenue for the primary quarter got here in at $922 million, down 48% on a year-over-year basis. Total revenue was barely ahead of the Street’s expectations at $5.47 billion, versus the consensus estimate of $5.46 billion, per LSEG. It forecast revenue for the present quarter according to the analyst forecast of $5.70 billion.
Pinterest — Shares surged nearly 19% following an earnings and revenue beat in the primary quarter. Pinterest reported adjusted earnings of 20 cents per share, topping forecasts for 13 cents per share, in accordance with LSEG. Revenue growth also accelerated within the quarter.
Super Micro Computer — Shares dropped nearly 8% after Super Micro Computer posted fiscal third-quarter revenue of $3.85 billion, missing the $3.95 billion consensus estimate, in accordance with LSEG. Adjusted per-share earnings of $6.65 topped the per-share estimate of $5.78. The corporate also issued strong fourth-quarter revenue guidance.
Chesapeake Energy — Shares were little modified after the natural gas producer posted disappointing earnings of 56 cents per share, excluding items. The outcomes missed the FactSet consensus estimate of 59 cents per share.
Caesars Entertainment — The casino stock lost about 3% on disappointing first-quarter results. Caesars posted a wider-than-expected lack of 73 cents per share, while analysts had estimated losses of seven cents per share, per LSEG data. Revenue also missed forecasts, coming in at $2.74 billion versus consensus estimates of $2.84 billion.
Mondelez International — The snack company’s shares slipped greater than 1% despite announcing better-than-expected first-quarter results. Mondelez posted adjusted earnings of 95 cents per share on $9.29 billion in revenue. Analysts’ estimates called for earnings of 89 cents per share and $9.16 billion in revenue, in accordance with LSEG data. Nevertheless, management said it expects currency translation to cut back net revenue growth by around 1.5% this yr.
Diamondback Energy – The oil and gas company posted earnings of $4.50 per share, excluding items, that beat analysts’ estimates by 4 cents per share, in accordance with FactSet, for the primary quarter. Revenue got here in at $2.23 billion, beating expectations of $2.10 billion. The shares fell 1% after hours.
Clorox — The buyer goods company slipped 3%. Revenue within the fiscal third quarter got here in at $1.81 billion, missing estimates of $1.87 billion, in accordance with LSEG.
— CNBC’s Sarah Min, Brian Evans, Alex Harring, Darla Mercado and Tanaya Macheel contributed reporting