Connect with us

First News in the World

Amazon, Ford, Intel and more

Amazon, Ford, Intel and more

FINANCE NEWS

Amazon, Ford, Intel and more


Check out the companies making headlines after the bell:

Shares of Amazon initially jumped 2% in extended trading Thursday before giving up those gains following the release of the e-commerce giant’s strong first-quarter earnings. Jeff Bezos’ company reported earnings per share of $7.09 on revenue of $59.70 billion. Wall Street expected earnings per share of $4.72 on revenue of $59.65 billion, according to analysts surveyed by Refinitiv.

Amazon is currently the third most valuable company in the world, behind Microsoft and Apple.

Ford shares surged as much as 8% after hours Thursday after posting better-than-expected first-quarter earnings. The Detroit automaker earned $37.24 billion in revenue, topping estimates of $37.08 billion per Refinitiv. Earnings per share were 44 cents, compared to the 27 cents forecast by analysts.

On an unadjusted basis, Ford’s profit slid 34% from the year earlier. However, the demand for its popular pickups and SUVs in North America helped offset losses in China and South America.

Shares of Intel dropped 8% after market close on Thursday after reporting strong first-quarter earnings but weak forward-looking guidance. The semiconductor company reported earnings of 89 cents per share, topping estimates of 87 cents per share. Revenue was $16.06 billion, higher than the forecast $16.02 billion, according to analysts surveyed by Refinitiv.

The company reported weak guidance compared with analyst estimates for the full year 2019. Intel expects revenue of $69.0 billion compared with estimates of $71.05 billion.

Starbucks shares popped about 2% in extended trading — then pared gains — following the release of the Seattle-based coffee chain’s mixed second-quarter earnings. Starbucks reported earnings per share of 60 cents on revenue of $6.31 billion. Wall Street expected earnings per share of 56 cents on revenue of $6.32 billion, according to Refinitiv.

Starbucks same-store sales grew 3%, compared with the 2.9% expected.

Shares of Mattel soared 10% after hours Thursday after posting better-than-expected first-quarter earnings. The toy-maker reported a loss of 44 cents per share, compared with the expected loss of 56 cents. Revenue was $689 million, topping Refinitiv consensus estimates of $645 million.



Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in FINANCE NEWS

To Top
error: Content is protected !!
Top