Stocks Making the Biggest Moves: Apple, Amazon, Intel, Snap and More

Companies Making Headlines in Extended Trading

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Apple

Apple's shares experienced a slight uptick as the tech giant surpassed analysts' expectations on both earnings and revenue. The company reported fiscal third-quarter earnings of $1.40 per share, while analysts had predicted $1.35 per share. Additionally, revenue reached $85.78 billion, exceeding the anticipated $85.3 billion.

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Intel

Intel's stock plummeted by 17% following the announcement of its decision to suspend its dividend in the fiscal fourth quarter and its plans to lay off 15% of its workforce. This news was coupled with underwhelming quarterly results and disappointing guidance for the upcoming quarter.

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Amazon

Amazon's shares dropped 5% in extended trading. The e-commerce giant reported weaker-than-expected revenue for the second quarter and issued a less-than-optimistic forecast for the third quarter. Despite this, revenue in its cloud division rose by 19%, surpassing analysts' estimates.

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DoorDash

DoorDash saw a nearly 14% surge in its stock after reporting better-than-expected revenue in the second quarter. The online food ordering company posted $2.63 billion in revenue, exceeding the $2.54 billion predicted by analysts. Additionally, DoorDash raised its marketplace gross order value forecast for the third quarter.

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Coinbase

Coinbase's shares rose nearly 5% in extended trading. The crypto exchange operator reported second-quarter revenue of $1.45 billion, slightly above the expected $1.40 billion.

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Block

Block, a fintech company, experienced a rally of over 7% following its better-than-anticipated adjusted earnings in the second quarter. The company reported adjusted earnings of 93 cents per share, surpassing the 84 cents per share expected by analysts. However, its revenue of $6.16 billion fell short of the $6.28 billion estimate.

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Snap

Snap, the parent company of the instant messaging app, saw its shares drop by 17%. The company forecasted third-quarter adjusted earnings to range between $70 million and $100 million, missing the $110 million estimate. Additionally, revenue for the recent quarter did not meet analysts' expectations.

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Roku

Roku's shares jumped more than 5% after the streaming device company posted second-quarter results that beat expectations. The company reported a narrower-than-expected quarterly loss of 24 cents per share, compared to the anticipated loss of 43 cents per share. Revenue also surpassed expectations, reaching $968 million against the forecasted $938 million.

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Clorox

Clorox's stock advanced 4% after the company issued fiscal full-year earnings guidance ranging from $6.55 to $6.80 per share, exceeding analysts' estimates of $6.45 per share. The company's fiscal fourth-quarter adjusted earnings were $1.82 per share, higher than the expected $1.56 per share.

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Coterra Energy

Shares of Coterra Energy dipped by 1.8% following disappointing earnings results. The company reported adjusted second-quarter earnings of 37 cents per share, below the expected 39 cents per share.

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GoDaddy

GoDaddy's shares jumped 6% after the web hosting company raised its full-year revenue guidance to between $4.525 billion and $4.565 billion, surpassing the $4.53 billion expected by analysts.

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Atlassian

Atlassian's stock fell more than 13% after the company's forward outlook failed to meet investor expectations. The software company projected current quarter revenue between $1.149 billion and $1.157 billion, below the expected $1.16 billion.

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Booking Holdings

Booking Holdings saw its shares slump by 4%. The online travel reservation company reported gross bookings of $41.4 billion for the second quarter, missing the consensus estimate of $41.73 billion. Despite this, the company managed to exceed expectations on both earnings and revenue.

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