Stocks making the biggest moves premarket: Exxon Mobil, Intel, Apple, Snap, Amazon and more
Check out the companies making headlines before the bell. Exxon Mobil — The energy giant reported a stronger-than-expected profit for the second quarter amid record production in Guyana and the Permian Basin. Earnings per share came in at $2.14, beating an LSEG forecast of $2.01 per share. Shares were up slightly in the premarket. Intel — Shares plunged 20% on the back of weaker-than-expected earnings and revenue for the second quarter. The company also announced it would lay off more than 15% of employees due to a $10 billion cost-cutting push. Snap – Shares of the Snapchat parent company sank 17% on disappointing guidance. For the third quarter, Snap expects adjusted earnings to range between $70 million and $100 million, versus a StreetAccount estimate of $110 million. Cloudflare — The IT company jumped 7% after raising its full-year outlook. The company guided full-year earnings in a range between 70 cents and 71 cents per share, higher than the 60 cents to 61 cents it had previously announced. Analysts surveyed by FactSet had estimated full-year earnings per share at 61 cents. Full-year revenue guidance also topped forecasts. Cloudflare also posted an adjusted earnings and revenue beat in the second quarter. DoorDash — The stock advanced 9% after the food delivery service posted second-quarter revenue of $2.63 billion, which exceeded the LSEG consensus of $2.54 billion. DoorDash also lifted the third-quarter guidance for its marketplace gross order value. Amazon — The e-commerce stock fell more than 8% following weaker-than-expected quarterly results. The company reported weaker-than-expected revenue for the second quarter and issued a disappointing forecast for the third quarter. Revenue in its cloud division increased 19% in the second quarter, beating analysts’ estimates , however. Block — The fintech company advanced more than 3% after posting an earnings beat in the second quarter. Block reported adjusted earnings of 93 cents per share, coming above an LSEG consensus estimate for 84 cents per share. Meanwhile, revenue of $6.16 billion missed analysts’ estimates for $6.28 billion. Clorox — The household goods stock rose 1.7%. Clorox issued fiscal full-year earnings guidance in a range between $6.55 and $6.80 per share, topping an LSEG forecast of $6.45 per share. Fiscal fourth-quarter adjusted earnings came in at $1.82 per share, while analysts had forecasted called for $1.56 per share. Apple — Shares of the iPhone maker ticked up 0.3%. The company beat analysts’ estimates on the top and bottom lines for the fiscal third quarter. Apple reported earnings of $1.40 per share while analysts surveyed by LSEG called for $1.35 per share. Revenue came in at $85.78 billion, also surpassing the Street’s estimates. Twilio — The cloud communications stock jumped 5% after Twilio beat quarterly expectations on the top and bottom lines. The company posted second quarter adjusted earnings of 87 cents per share on revenue of $1.08 billion. Analysts polled by LSEG had expected per-share earnings of 70 cents on revenue of $1.06 billion. Coinbase — The crypto exchange operator added 1.3%. In the second quarter, revenue came in at $1.45 billion, slightly above estimates of $1.40 billion, according to LSEG. Booking Holdings — Shares of the online travel company slipped more than 5% despite a top- and bottom-line beat in the second quarter. Booking guided third-quarter adjusted EBITDA between $3.25 billion and $3.35 billion, while analysts had estimated $3.58 billion, according to FactSet. GoDaddy — Shares jumped around 7% after the web hosting company increased its outlook for the full year. GoDaddy issued full-year revenue guidance between $4.525 billion and $4.565 billion, while analysts polled by FactSet had expected $4.53 billion. Coterra Energy — Shares pulled back 1.5% after Coterra Energy reported disappointing earnings results . The energy company announced adjusted second-quarter earnings of 37 cents per share, below the FactSet consensus estimate of 39 cents in earnings per share. Roku — The streaming device company added 2.3% after reporting a second-quarter loss of 24 cents per share postmarket Thursday, better than the 43 cents loss per share expected from analysts polled by LSEG. Revenue came in at $968 million, beating the $938 million consensus estimate. Atlassian — The software stock tumbled more than 12% after issuing weak guidance. Atlassian estimates fiscal first quarter revenue in a range of $1.149 billion and $1.157 billion, while analysts surveyed by LSEG had forecasted $1.16 billion. Full-year revenue growth was also guided lower-than-expected. Microchip Technology — The semiconductor stock fell 7%. Adjusted earnings in the fiscal first quarter topped analysts’ estimates, while revenue came in-line with forecasts. Meanwhile, forward earnings per share guidance of a range between 40 cents to 46 cents in the second quarter missed consensus calls for 59 cents earnings per share, according to FactSet. Management cited a challenging macro backdrop leading to an extended period of an inventory correction. — CNBC’s Sarah Min, Samantha Subin, Lisa Han and Michelle Fox contributed reporting
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