An Amazon employee walks past an Amazon Prime delivery truck in Washington, DC, on February 19, 2022.
Stephanie Reynolds | AFP | Getty Images
Let’s check out the companies that are becoming a hot topic for after-hours trading.
Amazon — Shares rose nearly 2% as the company beat on both sales and bottom line. Amazon posted earnings of 98 cents per share on revenue of $143.31 billion. Analysts surveyed by LSEG had expected earnings of 83 cents a share on revenue of $142.5 billion. Advertising and Amazon Web Services also beat expectations. However, the company’s second quarter sales forecast was lower than expected.
Starbucks — Shares fell nearly 10% in after-hours trading after the coffee chain missed expectations for second-quarter sales and bottom line profits. Starbucks’ earnings were 68 cents per share on revenue of $8.56 billion, lower than analysts polled by LSEG had expected for earnings of 79 cents per share and revenue of $9.13 billion.
Advanced Micro Devices – The chip company fell more than 7% after its first-quarter gaming division revenue fell 48% year-over-year to $922 million. Total revenue came in at $5.47 billion, slightly above Street expectations, compared to the consensus estimate of $5.46 billion, according to LSEG. The company expected sales for the current quarter to be in line with analyst estimates of $5.7 billion.
pinterest — Shares rose nearly 19% after first-quarter profit and sales results. Pinterest reported adjusted earnings of 20 cents per share, beating expectations of 13 cents per share, according to LSEG. Revenue growth also accelerated during the quarter.
super microcomputer — According to LSEG, the supermicrocomputer’s third-quarter revenue of $3.85 billion fell short of the consensus estimate of $3.95 billion, sending its stock price down nearly 8%. Adjusted earnings per share came to $6.65, beating expectations of $5.78 per share. The company also announced strong earnings guidance for the fourth quarter.
chesapeake energy — Shares were little changed after the natural gas producer posted disappointing earnings of 56 cents a share excluding items. The result was below the FactSet consensus estimate of 59 cents per share.
caesars entertainment — Casino stocks fell about 3% after disappointing first-quarter results. Analysts had expected a loss of 7 cents a share, but Caesars posted a better-than-expected loss of 73 cents a share, according to LSEG data. Revenue was also lower than expected, coming in at $2.74 billion versus the consensus estimate of $2.84 billion.
Mondelez International — The snack company’s stock fell more than 1% despite reporting better-than-expected first-quarter results. Mondelez posted adjusted earnings of 95 cents per share on revenue of $9.29 billion. Analysts were expecting earnings of 89 cents per share and revenue of $9.16 billion, according to LSEG data. However, management said it expects currency translation to reduce net revenue growth by approximately 1.5% this year.
diamondback energy – The oil and gas company posted first-quarter earnings of $4.50 per share excluding items, which beat analysts’ expectations by 4 cents per share, according to FactSet. Sales were $2.23 billion, exceeding expectations of $2.1 billion. Shares fell 1% in after-hours.
clorox — Consumer goods companies fell 3%. LSEG said its fiscal third quarter revenue was $1.81 billion, below expectations of $1.87 billion.
—CNBC’s Sarah Ming, Brian Evans, Alex Harring, Darla Mercado and Tanaya Machel contributed reporting
