Robinhood, Amazon, Apple, Roku and more


Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021.

Brendan McDermid | Reuters

Check out the companies making headlines in premarket trading Friday.

Apple — Apple’s stock price dipped 2% after CFO Luca Maestri said supply chain issues would hurt third-quarter sales by as much as $8 billion. Still, many analysts on Wall Street remained positive on the company after its recent earnings report that topped expectations. One analyst said any weakness in the stock is a buying opportunity.

Amazon — Shares dropped more than 9% after Amazon disclosed weaker-than-expected revenue guidance for the second quarter. The tech giant also posted a $7.6 billion loss on its investment into Rivian, which lost more than half its value in the quarter.

Roku — Shares of Roku popped more than 4% after the digital media player manufacturer on Thursday reported sales that exceeded expectations in its recent quarter. Roku posted a revenue of $733.7 million. Analysts polled by Refinitiv were expecting $718 million.

Intel — Shares fell more than 3% after Intel issued weak guidance for its fiscal second quarter, overshadowing stronger-than-expected earnings for the previous quarter.

Robinhood — The retail brokerage stock dropped nearly 10% following a first-quarter report that showed declining revenue and monthly active users. CEO Vlad Tenev said that the company saw its customers with smaller accounts trade less when the market fell.

Alibaba, Pinduoduo, Baidu — Chinese technology stocks surged after policymakers in the country signaled an easing of the crackdown on tech companies. Alibaba rallied more than 10%, Pinduoduo soared 15% and Baidu jumped more than 8%.

Bristol-Myers Squibb — The biopharmaceutical stock dipped 1.5% despite an earnings report that topped expectations. On Friday, Bristol-Myers Squibb disclosed it earned $1.96 per share on revenues of $11.65 billion. The company was forecasted to earn $1.91 per share on revenues of $11.36 billion, according to Refinitiv.

Honeywell International — Shares jumped 2% after Honeywell reported earnings that surpassed expectations. Honeywell posted earnings of $1.91 per share on revenues of $8.38 billion. Meanwhile, analysts surveyed by Refinitiv were forecasting $1.86 earnings per share on revenues of $8.29 billion.

Chevron — Shares dipped 1% even after Chevron posted better-than-expected results for the previous quarter. Chevron posted earnings per share of $3.36 per share on revenues of $54.37 billion. Analysts polled by Refinitiv were expecting $3.27 earnings per share on revenues of $47.94 billion.

Exxon Mobil — Exxon Mobil’s stock price dipped 1% after the oil and gas company reported weaker-than-expected quarterly results. The energy company earned $2.07 per share, lower than Refinitiv estimates of $2.12 earnings per share. Exxon Mobil reported revenues of $90.5 billion, compared to a Refinitiv forecast of $92.7 billion.

— CNBC’s Hannah Miao and Jesse Pound contributed reporting.



Source link

Related articles

Right here’s what occurred in crypto at present

At the moment in crypto, Conor McGregor launches memecoin, Bitcoin creator Satoshi Nakamoto turns 50 as their creation turns into a US reserve asset, and a US Securities and Alternate Fee (SEC) commissioner.UFC...

The Galaxy Z Fold 7 and Flip 7 may run One UI 8 out of the field

Ryan Whitwam / Android AuthorityTL;DR Latest rumors counsel that Samsung plans to launch One UI 8 primarily based on Android 16 a lot sooner than ordinary. A brand new report claims that the corporate’s next-gen...

The 7 writing apps I used to start out and end my ebook

There’s a well-known two-decade-old Paris Evaluate interview with Haruki Murakami by which he, one of many world’s most celebrated novelists, particulars his day by day routine. He wakes up at 4AM, works for...

Markets Watch Out For Core CPI With Large Banks Set To Report Earnings

Get forward of the market by subscribing to Searching for Alpha's Wall Avenue Week Forward, a preview of key occasions scheduled for the approaching week. The publication retains you knowledgeable of the largest...

Month-to-month Dividend Inventory In Focus: BSR Actual Property Funding Belief

Revealed on March thirty first, 2025 by Felix Martinez BSR Actual Property Funding Belief (BSRTF) has three interesting funding traits: #1: It's a REIT so it has a positive tax construction and pays out the vast...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com