Several companies made headlines in extended trading, including Apple, Intel, Amazon, DoorDash, Coinbase, Block, Snap, Roku, Clorox, Coterra Energy, GoDaddy, Atlassian, and Booking Holdings.
Apple’s shares rose after beating analysts’ estimates on both the top and bottom lines in its fiscal third-quarter earnings report. Intel saw its stock plummet 17% after announcing plans to suspend its dividend, lay off 15% of its workforce, and share disappointing quarterly results and guidance. Amazon’s shares dropped 5% as the company reported weaker-than-expected revenue for the second quarter and issued a disappointing forecast for the third quarter, despite beating estimates in its cloud division. DoorDash’s stock surged nearly 14% after reporting a revenue beat in the second quarter and raising its marketplace gross order value forecast for the third quarter.
Coinbase’s shares rose nearly 5% as the company reported second-quarter revenue slightly above estimates. Block’s stock rallied more than 7% on better-than-expected adjusted earnings in the second quarter, though revenue fell slightly short of estimates. Snap’s shares cratered 17% after the company’s third-quarter adjusted earnings forecast fell short of analysts’ estimates, and revenue for the latest quarter missed forecasts. Roku’s shares jumped more than 5% after the company posted second-quarter results that exceeded expectations, with a narrower-than-expected quarterly loss. Clorox’s stock advanced 4% after the company issued fiscal full-year earnings guidance higher than analysts’ estimates and reported better-than-expected fiscal fourth-quarter earnings. Coterra Energy’s shares dipped 1.8% after the company reported disappointing second-quarter earnings, falling below the consensus estimate. GoDaddy’s stock rose 6% after the company raised its revenue guidance for the full year. Atlassian’s shares sank more than 13% after the company’s forward guidance disappointed investors, with revenue for the current quarter below analysts’ expectations. Booking Holdings’ stock slumped 4% despite beating on the top and bottom lines in the second quarter, as gross bookings came in below consensus estimates.
