An Amazon worker walks past his Amazon Prime delivery truck in Washington, D.C., February 19, 2022.
Stephanie Reynolds | Afp | Getty Images
Check out the companies making headlines in the advanced commerce space.
Amazon — Shares rose nearly 2% after the company beat both revenue and profit. Amazon reported earnings of 98 cents per share on revenue of $143.31 billion. Analysts polled by LSEG had forecast earnings of 83 cents per share on revenue of $142.5 billion. Amazon’s advertising and web services segments also beat expectations. However, the company’s revenue forecast for the second quarter was unsatisfactory.
Starbucks — Shares fell nearly 10% in extended trading after the coffee chain missed revenue and profit forecasts for the second quarter of the fiscal year. Starbucks earned 68 cents a share on revenue of $8.56 billion and missed analysts surveyed by LSEG’s forecast of earnings of 79 cents a share on revenue of $9.13 billion.
Advanced microdevices — Shares of the chip company fell more than 7% after its gaming segment posted first-quarter revenue of $922 million, down 48% from last year. Total revenue slightly beat Street expectations at $5.47 billion, compared to the LSEG consensus estimate of $5.46 billion. Revenue forecast for the current quarter is in line with analysts’ forecast of $5.70 billion.
Pinterest — Shares rose nearly 19% after earnings and revenue rose in the first quarter. Pinterest reported adjusted earnings of 20 cents per share, beating estimates of 13 cents per share, according to LSEG. Revenue growth also accelerated in the quarter.
Super Micro Computer — Shares fell nearly 8% after Super Micro Computer reported fiscal third-quarter revenue of $3.85 billion, missing the consensus estimate of $3.95 billion, according to LSEG. Adjusted earnings per share of $6.65 beat the EPS estimate of $5.78. The company also issued strong revenue guidance for the fourth quarter.
Chesapeake Energy — Shares were little changed after the natural gas producer posted disappointing earnings of 56 cents per share, excluding items. The results missed the FactSet consensus estimate of 59 cents per share.
Caesar Entertainment — Casino shares lost about 3% due to disappointing first-quarter results. Caesars reported a wider-than-expected loss of 73 cents per share, compared with analysts’ estimates of a loss of 7 cents per share, according to LSEG. Revenue also missed estimates, coming in at $2.74 billion versus the consensus estimate of $2.84 billion.
Mondeles International — Shares of the snack food company fell more than 1% despite reporting better-than-expected first-quarter results. Mondelez reported adjusted earnings of 95 cents per share on revenue of $9.29 billion. Analysts estimate earnings of 89 cents per share on revenue of $9.16 billion, according to LSEG. However, management said it expects the restatement currency will reduce net revenue growth by about 1.5% this year.
Diamondback Energy – For the first quarter, the oil and gas company reported earnings of $4.50 per share, excluding items, which beat analysts’ estimates by 4 cents per share, according to FactSet. Revenue was $2.23 billion, beating expectations of $2.10 billion. Shares fell 1% in after-hours trading.
Clorox — Shares of the consumer goods company fell 3%. Fiscal third-quarter revenue was $1.81 billion, missing estimates of $1.87 billion, LSEG said.
— CNBC’s Sarah Min, Brian Evans, Alex Harring, Darla Mercado and Tanaya Machil contributed reporting.