Today's Morning Movers and Top Ratings: AMZN, INTC, DASH, AAPL and More
Morning Movers
Gapping up
$DoorDash (DASH.US)$ The food delivery service's stock advanced 7.8% after posting second-quarter revenue of $2.63 billion, which exceeded the LSEG consensus of $2.54 billion. DoorDash also raised the third-quarter guidance for its marketplace gross order value.
$Cloudflare (NET.US)$ The IT company's shares jumped 6% after it raised its full-year outlook, guiding full-year earnings to between 70 cents and 71 cents per share, above the previously announced 60 cents to 61 cents. Analysts had estimated full-year earnings per share at 61 cents, and full-year revenue guidance also topped forecasts. Cloudflare reported an adjusted earnings and revenue beat in the second quarter.
$Clorox (CLX.US)$ Shares rose 3.1% as Clorox issued fiscal full-year earnings guidance between $6.55 and $6.80 per share, beating an LSEG forecast of $6.45 per share. Fiscal fourth-quarter adjusted earnings were $1.82 per share, exceeding forecasts of $1.56 per share.
$Twilio (TWLO.US)$ The cloud communications stock surged 3.4% after it surpassed quarterly expectations on both top and bottom lines, with second-quarter adjusted earnings of 87 cents per share on revenue of $1.08 billion, versus expectations of 70 cents on revenue of $1.06 billion.
Gapping down
$Intel (INTC.US)$ Shares plunged 20% due to weaker-than-expected earnings and revenue for the second quarter. The company also announced it would lay off more than 15% of its workforce as part of a $10 billion cost-cutting initiative.
$Apple (AAPL.US)$ The iPhone maker's shares fell by 1.1%. Apple beat analysts' estimates for the fiscal third quarter, reporting earnings of $1.40 per share against forecasts of $1.35 per share. Revenue was $85.78 billion, also beating the Street's estimates.
$Snap Inc (SNAP.US)$ The parent company of Snapchat saw shares sink 19% on disappointing guidance, with third-quarter adjusted earnings expected to be between $70 million and $100 million, below the StreetAccount estimate of $110 million.
$Amazon (AMZN.US)$ The e-commerce giant's stock fell more than 9.5% following its quarterly results. Amazon reported weaker-than-expected revenue for the second quarter and a disappointing forecast for the third quarter, although its cloud division's revenue grew by 19%, beating estimates.
$Booking Holdings (BKNG.US)$ The online travel company's shares slipped more than 5.9% despite a top- and bottom-line beat in the second quarter. However, third-quarter adjusted EBITDA guidance of $3.25 billion to $3.35 billion was below analysts' expectations of $3.58 billion.
$Microchip Technology (MCHP.US)$ The semiconductor company's stock fell 6.5%. Adjusted earnings for the fiscal first quarter beat estimates, but revenue was in line with forecasts. Forward guidance for earnings per share in the second quarter ranged between 40 cents to 46 cents, missing consensus calls for 59 cents per share. Management pointed to a challenging macro environment and an ongoing inventory correction.
Source: CNBC; Investing.com
US Top Rating Updates on 08/02
Source: Dow Jones
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104247826 :
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