Amazon, Apple, Robinhood and more
On April 25, 2022, an Amazon truck was seen in New York City’s LDJ5 Amazon Sort Center.
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See which companies are making the headlines for extended trading.
Amazon — Shares of the e-commerce giant tumbled by 10% after hours, after the company reported first-quarter results and issued weaker-than-expected revenue guidanceThe second quarter. Amazon recorded a $7.6 billion loss on its Rivian investment after the EV maker’s shares lost more than half their value in the quarter.
Robinhood — The investing app’s shares dropped more than 8% after reporting a wider-than-expected loss and shrinking revenueFor the first quarter. According to the company, there was a decline in active users per month from 17.7 million last year to 15.9million.
Intel — Tech firm Intel’s shares fell more than 4% after the company issued weak guidance for its fiscal second quarter. Intel demanded an adjusted share-earnings for the second quarter of 2017 at 70cs. That’s in comparison to Refinitiv’s expectation of 83cs.
Western Digital — The computer company’s shares rose more than 2% in extended trading following a strong earnings report for the company’s most recent quarter. FactSet estimates that Western Digital’s earnings were $1.49 less than the actual $1.65 per share. Additionally, it exceeded its revenue forecasts and gave strong guidance for the coming quarter.
Apple — Apple shares got a more than 2% boost after hours following its quarterly earnings report, in which it posted a big earnings beatA 9% annual revenue increase and $90 billion authorized for share buybacks
Roku — The streaming company saw shares jump more than 7% after reporting quarterly results. Refinitiv reports that the company earned $734m in its first quarter despite a disappointing earnings report and weak revenue guidance for the second quarter. Analysts were expecting $718m, but it actually brought in $734m in revenue.
Mohawk Industries — The flooring company’s shares jumped more than 10% after hours, following Mohawk’s quarterly results. According to FactSet Mohawk posted $3.02 billion in revenue for its quarter, surpassing the $2.85 billion estimate.