Latest news with #ScottSchnipper
CNBC
5 hours ago
- Business
- CNBC
Stocks making the biggest moves after hours: Apple, Reddit, Amazon, First Solar and more
Check out the companies making headlines in after-hours trading. Apple — Shares of the megacap tech giant rose 1%. The company said sales of its iPhones grew 13% year over year and overall revenue grew 10%, marking Apple's largest quarterly revenue growth since December 2021. Apple reported $94.04 billion in revenue for its third quarter, higher than the $89.53 billion expected by analysts, according to LSEG. Earnings came in at $1.57 per share, also topping the consensus expectation of $1.43 per share. Clorox — Shares of the consumer products maker jumped 1% on the back of strong financial results. Clorox reported adjusted earnings of $2.87 per share on $1.99 billion in revenue, while analysts polled by LSEG called for earnings of $2.21 per share on $1.94 billion in revenue. Amazon – Shares of the e-commerce giant fell more than 3% after the company issued a disappointing forecast . For the current quarter, Amazon said it anticipates operating income to range from $15.5 billion to $20.5 billion. Analysts polled by StreetAccount sought $19.48 billion. First Solar — First Solar shares gained more than 4% after the photovoltaic solar technology and manufacturing company beat on top and bottom lines. The company, which has struggled this year due to tariff-related threats , reported earnings of $3.18 per share, higher than the $2.65 per share expected from analysts polled by LSEG. First Solar's quarterly revenue of $1.1 billion also came out above the $1.03 billion forecast. Stryker — The medical device maker slumped 5% postmarket Thursday after second-quarter profit and revenue failed to meet the Street's highest estimates and Stryker estimated a $175 million hit from higher tariffs on goods from China and Europe. Monolithic Power — The maker of integrated power products for semiconductors rallied 6% after the close Thursday. Second-quarter profit and revenue topped analysts' estimates, while third-quarter sales guidance of $710 million to $730 million was far above the Street's highest forecast, according FactSet's StreetAccount service. Reddit — Shares of the social platform operator jumped 14%. Reddit reported second-quarter earnings of 45 cents on revenue of $500 million, while analysts polled by LSEG expected 19 cents per share and $426 million, respectively. Third-quarter guidance calls for $535 million to $545 million in revenue, trouncing the Street's estimates of $473.3 million, per FactSet. Coinbase — The crypto trading platform saw shares tumble more than 6%. Second-quarter revenue missed analysts' estimates, landing at $1.50 billion versus the LSEG consensus of $1.60 billion. Retail trading volume came in at $43 billion, falling short of the $48.05 billion estimate from analysts polled by StreetAccount. — CNBC's Darla Mercado and Scott Schnipper contributed reporting.
CNBC
05-05-2025
- Business
- CNBC
Stocks making the biggest moves after hours: Palantir Technologies, Ford Motor, Mattel, Clorox and more
Check out the companies making headlines in extended trading. Palantir Technologies — Shares dropped nearly 7% after the defense tech company reported first-quarter earnings that were in line with Wall Street's expectations. Adjusted earnings of 13 cents per share came in-line with the consensus estimate, per LSEG. Palantir reported $884 million in revenue, topping the $863 million forecast by analysts. Vertex Pharmaceuticals — The biotech stock dropped 2% on disappointing quarterly results. Adjusted earnings came in at $4.06 per share, below the $4.32 per share forecast by analysts surveyed by LSEG. Revenue of $2.77 billion also missed analysts' estimates for $2.85 billion. Mattel — Shares of the toymaker declined 2.5% after management paused its 2025 full-year guidance due to tariff uncertainty. Meanwhile, first-quarter results topped analysts' estimates. Neurocrine Biosciences — The maker of neurological drugs jumped 11% postmarket after first-quarter revenue of $572.6 million topped a $559.6 million estimate from analysts surveyed by FactSet. Sales of Ingrezza, used to treat movement disorders, rose 8% year-over-year to $545 million. Lattice Semiconductor — The chip stock fell 3.8% after first-quarter earnings and revenue both were in-line with consensus estimates. Lattice guided toward current quarter revenue between $118.5 million to $128.5 million, while analysts polled by LSEG expected $123.6 million. Adjusted earnings are estimated to range from 22 cents to 26 cents per share, versus the 24 cents per share analysts were looking for. Hims & Hers Health — The telehealth company dropped 1%. Guidance for second-quarter revenue came in lighter than expected, ranging from $530 million to $550 million, while analysts polled by FactSet sought $564.6 million. Earnings and revenue for the first quarter surpassed the Street's expectations, however. Ford Motor — The maker of F-series pickup trucks fell 2.7% after hours on first-quarter results showing earnings ex-items before interest and taxes (EBIT) plunged to $1.02 billion from $2.76 billion a year ago, according to FactSet. Ford estimated the net cost of higher tariffs on EBIT in 2025 at about $1.5 billion and withdrew forward guidance. Clorox – Shares of the cleaning products manufacturer fell 2.8%. Clorox posted adjusted earnings of $1.45 per share on revenue of $1.67 billion in the fiscal third quarter. That fell short of analysts' call for $1.57 per share in earnings and $1.73 billion in revenue, per LSEG. Diamondback Energy – The energy stock advanced nearly 1% after reporting better-than-expected results. Diamondback earned $4.54 per share, ex-items, in the first quarter, topping FactSet consensus estimates for $4.18 per share. Cash capital expenditures of $942 million in the period was less than the $952.8 million forecast by Wall Street. — CNBC's Darla Mercado and Scott Schnipper contributed reporting
