Amazon signage displayed outside an Amazon.com Inc delivery center. on the late evening of Amazon Prime Day, July 12, 2022 in Culver City, California.
Patrick T. Fallon | AFP | beautiful pictures
Here are stocks with notable after-hours moves:
Amazon – Amazon shares rise 12% despite the tech giant’s report loss of 20 cents per share in the second quarter. However, the company’s revenue came in above expectations of $121.23 billion. Analysts surveyed by Refinitiv had expected $119.09 billion. Sales to Amazon Web Services was born stronger than expected.
Apple – Tech giant’s stock is up more than 3% after Apple beat estimates on the top and bottom lines for the third quarter. Apple reported earnings of $1.20 per share on $82.96 billion in revenue. Analysts surveyed by Refinitiv had earnings of $1.16 per share on $82.81 billion in revenue. The iPhone segment helped drive the pulse, with sales topping expectations.
Intel – Chip stocks fell more than 7% after Intel estimates are missed on the top and bottom lines for the second quarter. Intel reported 29 cents of adjusted earnings per share on $15.32 billion in revenue. Analysts surveyed by Refinitiv were looking for 70 cents per share on revenue of $17.92 billion. Q3 guidance was also lighter than expected.
Roku Streaming stock fell nearly 25% after Roku missed its second-quarter revenue and profit estimates, citing the company’s view that ad spending is slowing. Roku’s Q3 revenue forecast was also much lower than expected at $700 million. Analysts surveyed by Refinitiv had expected $902 million.
Dexcom – Shares of the medical device company fell 17% after DexCom’s second-quarter profit fell short of expectations on earnings above and below. DexCom reported adjusted earnings of 17 cents per share on $696.2 million. Analysts expect 19 cents per share on $698.6 million in revenue, according to FactSet’s StreetAccount. Net income decreased year over year.
Avantor – Shares of the life sciences company fell nearly 10% after Avantor’s second-quarter earnings and revenue missed expectations. Avantor reported earnings of 37 cents per share on $1.91 billion in revenue. Analysts surveyed by FactSet’s StreetAccount were looking for 38 cents of earnings per share and $1.99 billion in revenue.
Year9 Software stock rose more than 7% after a stronger-than-expected second-quarter report. Five9 reported adjusted earnings of 34 cents per share on $189 million in revenue. Analysts surveyed by Refinitiv were looking for 18 cents per share and $180 million in revenue. Five9 said it expects revenue to grow sequentially in the third quarter.
