Several companies made headlines in extended trading, with Amazon gaining nearly 2% after beating both top and bottom line expectations. The company reported earnings of 98 cents per share on $143.31 billion in revenue, surpassing analysts’ forecasts. However, Amazon’s second-quarter revenue forecast fell short of estimates. Starbucks, on the other hand, saw its shares slip almost 10% after missing fiscal second-quarter estimates. The coffee chain earned 68 cents per share on $8.56 billion in revenue, below analysts’ expectations.
Advanced Micro Devices experienced a more than 7% drop in its shares after its gaming segment revenue for the first quarter declined by 48% year-over-year. While total revenue slightly exceeded expectations at $5.47 billion, the company’s forecast for the current quarter was in line with analyst estimates. Pinterest, on the other hand, saw its shares surge nearly 19% following an earnings and revenue beat in the first quarter, reporting adjusted earnings of 20 cents per share, exceeding forecasts.
Super Micro Computer’s shares dropped nearly 8% after the company missed the consensus estimate for fiscal third-quarter revenue, posting $3.85 billion. However, adjusted per-share earnings of $6.65 surpassed expectations. Chesapeake Energy’s shares were little changed after disappointing earnings of 56 cents per share, excluding items. Caesars Entertainment posted a wider-than-expected loss of 73 cents per share and missed revenue forecasts, resulting in a 3% drop in its stock price.
Mondelez International announced better-than-expected first-quarter results, with adjusted earnings of 95 cents per share and $9.29 billion in revenue. Despite these positive results, the company expects currency translation to impact net revenue growth. Diamondback Energy beat analysts’ estimates with earnings of $4.50 per share and revenue of $2.23 billion for the first quarter. However, the company’s shares fell 1% after hours. Clorox also slipped 3% after reporting fiscal third-quarter revenue of $1.81 billion, missing estimates.
