An Amazon employee walks past his Amazon Prime delivery truck in Washington, DC on February 19, 2022.
Stefani Reynolds | Afp | Getty Images
Check out the companies making headlines in broad trading.
Amazon — Shares gained nearly 2% after the company beat its earnings and bottom line results. Amazon reported earnings of 98 cents per share on revenue of $143.31 billion. Analysts surveyed by LSEG had forecast earnings of 83 cents per share on revenue of $142.5 billion. The advertising and Amazon Web Services segments also exceeded expectations. However, the company’s revenue guidance for the second quarter fell short of estimates.
Starbucks — Shares fell nearly 10% in extended trading after the coffee chain missed fiscal second-quarter estimates for revenue and net income. Starbucks earned 68 cents per share on revenue of $8.56 billion, and missed analysts’ forecasts polled by LSEG of 79 cents per share for profit and $9.13 billion for turnover.
Advanced microsystems – The chip company fell more than 7% after revenue from its gaming segment for the first quarter was $922 million, down 48% on a year-over-year basis. Total revenue was slightly above Street expectations, at $5.47 billion, versus the consensus estimate of $5.46 billion, per LSEG. It projects revenue for the current quarter in line with analysts’ forecasts of $5.70 billion.
Pinterest — Shares jumped nearly 19% after higher first-quarter profits and revenue. Pinterest reported adjusted earnings of 20 cents per share, beating forecasts of 13 cents per share, according to LSEG. Revenue growth also accelerated during the quarter.
Super microcomputer — Shares fell nearly 8% after Super Micro Computer reported third-quarter revenue of $3.85 billion, missing the consensus estimate of $3.95 billion, according to LSEG. Adjusted earnings per share of $6.65 beat the per share estimate of $5.78. The company also issued strong fourth-quarter revenue guidance.
Chesapeake Energy — Shares were little changed after the natural gas producer reported disappointing earnings of 56 cents per share, excluding items. The results missed FactSet’s consensus estimate of 59 cents per share.
Caesars Entertainment — Casino shares lost around 3% following disappointing first quarter results. Caesars reported a wider-than-expected loss of 73 cents per share, compared to analysts’ estimates of losses of 7 cents per share, according to LSEG data. Revenue also missed forecasts, coming in at $2.74 billion, compared to the consensus estimate of $2.84 billion.
Mondelez International — Shares of the snack company fell more than 1% despite reporting better-than-expected first-quarter results. Mondelez reported adjusted earnings of 95 cents per share on revenue of $9.29 billion. Analyst estimates call for earnings of 89 cents per share and revenue of $9.16 billion, according to LSEG data. However, management said it expects currency translation to reduce net sales growth by about 1.5% this year.
Diamondback Energy – The oil and gas company reported earnings of $4.50 per share, excluding items, above analysts’ estimates of 4 cents per share, according to FactSet, for the first quarter. Revenue came in at $2.23 billion, beating expectations of $2.10 billion. Shares fell 1% after hours.
Clorox — The consumer goods company slipped 3%. Revenue for the fiscal third quarter was $1.81 billion, missing estimates of $1.87 billion, according to LSEG.
— CNBC’s Sarah Min, Brian Evans, Alex Harring, Darla Mercado and Tanaya Macheel contributed reporting
