Customers try on and learn about Apple Vision Pro headphones at an Apple Store in Shanghai, China, on July 22, 2024.
Cost of Photography | Noor Photo | Getty Images
Find out which companies made headlines in the extended trading:
apple — Shares of the iPhone maker rose as the company beat analysts’ estimates on earnings and revenue. Apple reported fiscal third-quarter earnings of $1.40 per share, compared with analysts polled by LSEG expecting earnings of $1.35 per share. Revenue came in at $85.78 billion, also beating Street estimates.
Intel Corporation — Shares of chipmaker Intel Corp. plunged 17%. The company said it would suspend its dividend for the fiscal fourth quarter and announced plans to lay off 15% of its workforce. The news coincided with worse-than-expected quarterly results. Intel also gave disappointing guidance for the current quarter.
Amazon — Shares of the e-commerce giant fell 5% in extended trading. The company reported weaker-than-expected second-quarter revenue and issued a disappointing third-quarter outlook. However, revenue in its cloud computing division increased 19% in the second quarter, beating analysts’ estimates.
Doordash — Shares rose about 14% after the online food ordering company reported second-quarter revenue that beat expectations. DoorDash reported revenue of $2.63 billion, compared with $2.54 billion expected by analysts surveyed by LSEG. Management also raised its total market value forecast for the third quarter.
Coinbase — Shares of the cryptocurrency exchange rose about 5% in extended trading. In the second quarter, revenue came in at $1.45 billion, slightly above estimates of $1.40 billion, according to LSEG.
roadblock — Shares of the fintech company rose more than 7% on better-than-expected adjusted earnings for the second quarter. Block reported adjusted earnings of 93 cents per share, beating the consensus estimate of 84 cents per share, according to analysts surveyed by LSEG. Revenue of $6.16 billion, meanwhile, missed analysts’ estimates of $6.28 billion.
pop — Shares of the instant messaging app’s parent company fell 17%. Snap forecast adjusted third-quarter earnings of between $70 million and $100 million, below the $110 million estimate of analysts polled by Street Account. Revenue for the fourth quarter also fell short of Street Account’s forecast.
Rocco — Shares jumped more than 5% after Roku reported second-quarter results that beat expectations. The streaming device company reported a lower-than-expected quarterly loss of 24 cents per share, better than the 43 cents per share loss analysts surveyed by LSEG had expected. Revenue of $968 million topped the consensus estimate of $938 million.
Clorox — The stock rose 4%. Clorox Co. issued full-year earnings guidance in a range of $6.55 to $6.80 per share, beating analysts’ estimates of $6.45 per share, according to analysts surveyed by LSEG. Adjusted earnings for the fiscal fourth quarter were $1.82 per share, while the consensus estimate was $1.56 per share.
Coterra Energy — Shares fell 1.8% after Coterra Energy reported disappointing earnings results. Coterra reported second-quarter adjusted earnings of 37 cents per share, below the FactSet consensus estimate of 39 cents per share.
Godaddy — Shares jumped 6% after the web hosting company raised its full-year revenue forecast. GoDaddy issued a full-year revenue forecast of $4.525 billion to $4.565 billion, compared with analysts polled by FactSet expecting $4.53 billion.
atlasian — Shares of the software company fell more than 13% after the company’s outlook disappointed investors. Atlassian forecast current-quarter revenue of $1.149 billion to $1.157 billion, compared with analysts polled by LSEG expecting $1.16 billion.
Holding reservation – The online travel booking company fell 4%. Total bookings for the second quarter came in at $41.4 billion, missing the consensus estimate of $41.73 billion, according to StreetAccount. The company beat both the top and bottom lines for the period.
—CNBC's Sarah Min, Yun Lee, Samantha Sobin, Tanaya Machel and Darla Mercado contributed reporting.
