Finance

Amazon, Apple, Robinhood and more

An Amazon truck is seen getting into the LDJ5 Amazon Kind Middle on April 25, 2022 in New York Metropolis.

Michael M. Santiago | Getty Photographs

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 income steering 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 bought a raise after an enormous earnings beat however turned decrease after CFO Luca Maestri mentioned on the earnings name that offer chain constraints may hinder fiscal third-quarter income by between $4 billion and $8 billion. Shares have 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 income for the primary quarter. The corporate additionally reported a lower in month-to-month energetic 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 steering for its fiscal second quarter. Intel known 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 line with FactSet. It additionally topped income estimates and issued robust steering for the following quarter.

Roku — The streaming firm noticed shares bounce 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 have been anticipating $718 million, in line 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 line with FactSet, posting $3.02 billion for the quarter.

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