An Amazon truck is seen getting into the LDJ5 Amazon Kind Middle on April 25, 2022 in New York Metropolis.
Michael M. Santiago | Getty Photos
Try the businesses making headlines in prolonged buying and selling.
Amazon — Shares of the e-commerce big tumbled by 10% after hours, after the corporate reported first-quarter outcomes and issued weaker-than-expected revenue guidance for the second quarter. Amazon recorded a $7.6 billion loss on its Rivian funding after the EV maker’s shares misplaced greater than half their worth within the quarter.
Apple — Apple shares initially obtained a elevate after a big earnings beat however turned decrease after CFO Luca Maestri mentioned on the earnings name that provide chain constraints may hinder fiscal third-quarter income by between $4 billion and $8 billion. Shares had been down greater than 4% after hours.
Robinhood — The investing app’s shares dropped greater than 8% after reporting a wider-than-expected loss and shrinking revenue for the primary quarter. The corporate additionally reported a lower in month-to-month lively customers, to fifteen.9 million from 17.7 million a yr in the past.
Intel — Tech agency Intel’s shares fell greater than 4% after the corporate issued weak guidance for its fiscal second quarter. Intel referred to as for adjusted second quarter-earnings per share of 70 cents, in comparison with the 83 cents per share anticipated by analysts polled by Refinitiv.
Western Digital — The pc firm’s shares rose greater than 2% in prolonged buying and selling following a powerful earnings report for the corporate’s most up-to-date quarter. Western Digital posted $1.65 per share in earnings for the quarter, in comparison with estimates of $1.49 per share, in accordance with FactSet. It additionally topped income estimates and issued robust steering for the subsequent quarter.
Roku — The streaming firm noticed shares leap greater than 7% after reporting quarterly outcomes. Regardless of recording an earnings miss and weak second-quarter income steering, it introduced in $734 million in income for the primary quarter, whereas analysts had been anticipating $718 million, in accordance with Refinitiv.
Mohawk Industries — The flooring firm’s shares jumped greater than 10% after hours, following Mohawk’s quarterly outcomes. Mohawk topped income estimates of $2.85 billion, in accordance with FactSet, posting $3.02 billion for the quarter.