Today's Pre-Market Stock Movers: INTC, XOM, SNAP, PINS and More

Movers and Shakers wrote a column · Apr 28, 2023 07:57

Gapping up

$Exxon Mobil(XOM.US)$ +1% (The oil giant reported a record first-quarter profit. Exxon Mobil’s adjusted earnings per share came in at $2.83, topping analysts' estimates of $2.59, per Refinitiv. Its revenue of $86.56 billion also beat the $85.41 billion expected.)

$Intel(INTC.US)$ +6% (Intel reporting a net loss of $2.8 billion in the first quarter. The company did beat Wall Street estimates for the quarter, with Intel reporting an adjusted loss of 4 cents per share on $11.72 billion of revenue. Analysts surveyed by Refinitiv were looking for a loss of 15 cents per share on $11.04 billion of revenue.)

$L3Harris Technologies(LHX.US)$ +2.5% (The company narrowly beat earnings estimates, with an adjusted $2.86 per share against a StreetAccount estimate of $2.85 per share.)

$First Republic Bank(FRC.US)$ +5.3%(U.S. officials were in the process of assembling a rescue plan. The lift comes after the bank said deposits fell a staggering 41% throughout the latest quarter on Monday.)

Gapping down

$Pinterest(PINS.US)$ -14% (The company issued disappointing guidance for the quarter ahead. Pinterest said second-quarter revenue growth will be lower than expected amid higher operating expenses. Pinterest's first-quarter earnings and revenue did beat expectations, however.)

$Snap Inc(SNAP.US)$ -18.2% (The company's first-quarter revenue fell short of Wall Street's expectations. Snap's revenue fell 6% from the prior year to $989 million, whereas analysts had expected $1.01 billion, according to Refinitiv data.)

$Capital One Financial(COF.US)$ -3.3% (The company released disappointing quarterly earnings. The company earned an adjusted $2.31 per share, well below a StreetAccount forecast of $3.75 per share. Capital One executives cited difficulty with lending throughout the quarter.)

$Amazon(AMZN.US)$ -2.4% (The e-commerce giant cited concerns over its cloud business going forward. That overshadowed a revenue beat for the first quarter.)

$T-Mobile US(TMUS.US)$ -2% (The company beat on adjusted earnings per share with $1.58 against a StreetAccount estimated $1.52. However, T-Mobile missed estimates on revenue and monthly subscriber additions.)

$Chevron(CVX.US)$ -0.45% (The oil major's adjusted earnings per share was $3.55 versus the $3.41 expected by analysts polled by Refinitiv. Revenue also beat, but net profit in Chevron's oil and gas division dropped 25% on the drop in oil prices.)

$First Solar(FSLR.US)$ -8% (The company reported 40 cents per share adjusted on $548.29 million in revenue, while a StreetAccount estimate called for 99 cents per share.)

$Alteryx(AYX.US)$ -18% (The company reported an adjusted loss of 19 cents per share while analysts polled by StreetAccount estimated a loss of 26 cents. Management told investors that the company planned to layoff 11% of staff as part of a cost reduction plan.)

Source: Dow Jones, CNBC

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