Robinhood stock, Amazon stock, Apple stock, Roku stock
Check out the companies making headlines in premarket trading on Friday.
Apple stock — Apple’s share price fell 2% after CFO Luca Maestri said supply chain issues would result in an $8 billion loss in third-quarter sales. Still, many Wall Street analysts remained positive after the company’s most recent earnings report topped expectations. An analyst said any weakness in the stock is a buying opportunity.
Amazon — Shares fell more than 9% after Amazon disclosed weaker-than-expected revenue guidance for the second quarter. The tech giant also reported a $7.6 billion loss on its investment in Rivian, which lost more than half its value in the quarter.
Roku — Shares of Roku rose more than 4% on Thursday after the digital media player maker reported a sale that exceeded expectations in its most recent quarter. Roku posted a revenue of $733.7 million. Analysts polled by Refinitiv were expecting $718 million.
Intel — shares were down more than 3% after Intel issued weak guidance for its fiscal second quarter, which was stronger than expected for the previous quarter.
Robinhood — The retail brokerage stock fell nearly 10% after first-quarter reports that saw revenue and monthly active users decline. CEO Vlad Tenev said the company noticed that when the market declined the company traded less to customers with smaller accounts.
Alibaba, Pinduoduo, Baidu — Chinese technology stocks rose after policymakers in the country indicated an easing of the crackdown on tech companies. Alibaba jumped more than 10%, Pinduoduo jumped 15% and Baidu jumped more than 8%.
Bristol-Myers Squibb — Biopharmaceutical stock dipped 1.5% despite an earnings report that topped expectations. On Friday, Bristol-Myers Squibb revealed it earned $1.96 per share on revenue of $11.65 billion. According to Refinitiv, the company was estimated to earn $1.91 per share on a revenue of $11.36 billion.
Honeywell International — Shares jumped 2% after Honeywell reported higher-than-expected earnings. Honeywell posted earnings of $1.91 per share on revenue of $8.38 billion. Meanwhile, analysts surveyed by Refinitiv had forecast earnings per share of $1.86 on revenue of $8.29 billion.
Chevron — Shares were down 1% even after posting better-than-expected results for the last quarter. Chevron posted earnings of $3.36 per share on revenue of $54.37 billion. Analysts polled by Refinitiv were expecting $3.27 earnings per share on revenue of $47.94 billion.
Exxon Mobil — Exxon Mobil’s share price fell 1% after the oil and gas company reported weaker-than-expected quarterly results. The energy company earned $2.07 per share, lower than Refinitiv’s estimate of $2.12 earnings per share. Exxon Mobil reported revenue of $90.5 billion, compared to a Refinitiv forecast of $92.7 billion.
Also Read: MP Board Result 2022 Today: By just one SMS on this number you will be able to see your result
Source: cnbc.com
