9 months ago
52 Signage extracurricular Intel office successful Santa Clara, California, connected Monday, Jan. 30, 2023.
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Check retired the companies making headlines earlier the bell.
Intel — Shares popped 6.7% aft the chipmaker posted better-than-expected second-quarter results and a instrumentality to profitability aft 2 consecutive losing periods. Intel's forecast for the 3rd 4th besides came successful supra expert expectations. The institution reported adjusted net of 13 cents a stock connected revenues of $12.95 billion.
Roku — The streaming banal rallied astir 10% aft reporting a narrower-than-expected nonaccomplishment for the 2nd quarter. Roku reported a nonaccomplishment of 76 cents a stock and revenues of $847 million. Analysts polled by Refinitiv had anticipated a nonaccomplishment of $1.26 per stock and $775 cardinal successful revenue.
Biogen — Biogen shares moved somewhat little aft the biotechnology institution said it's acquiring Reata Pharmaceuticals for $172.50 per share, successful a currency woody valued astatine astir $7.3 billion. Shares of Reata soared much than 51% connected the news.
Procter & Gamble — The user elephantine saw shares emergence much than 1% successful premarket trading aft the institution reported quarterly earnings and gross that bushed analysts' expectations. However, P&G released a gloomy outlook for its fiscal 2024 income that fell abbreviated of Wall Street's estimates.
Exxon Mobil — Shares moved somewhat little aft the lipid banal posted mixed second-quarter results. The institution reported net of $1.94 a share, excluding items, that fell abbreviated of the $2.01 expected by analysts, per Refinitiv. Revenues came successful astatine $82.91 billion, supra the expected $80.19 billion.
Chevron — The lipid banal mislaid astir 1% adjacent aft reporting a bushed connected the apical and bottommost lines for the 2nd quarter. Earnings fell from a twelvemonth agone owed to a driblet successful lipid prices.
First Solar – Shares soared 12% aft the star institution posted net per stock of $1.59 connected gross of $811 cardinal for the 2nd quarter. Those results bushed Wall Street expectations of 96 cents per stock connected gross of $721 million, according to Refinitiv. The institution besides announced plans to put up to $1.1 cardinal to physique a 5th manufacturing installation successful the United States.
Enphase Energy – Shares of Enphase dropped much than 15% aft the institution posted second-quarter gross Thursday of $711 cardinal that fell abbreviated of expert estimates of $722 million, according to Refinitiv. The banal besides faced a question of downgrades Friday greeting from Deutsche Bank, Wells Fargo and Roth MKM.
Sweetgreen – Shares of the crockery concatenation slid much than 13% aft the company posted anemic sales that missed Wall Street expectations successful the 2nd 4th and a nett nonaccomplishment of $27.3 million, oregon 24 cents per share. Sweetgreen did accidental it's aiming to crook a nett for the archetypal clip by 2024.
Ford Motor – The automaker said adoption of electrical vehicles is going much dilatory than the institution forecast and that it expects to suffer $4.5 billion on the EV concern this year, widening losses from astir $3 cardinal a twelvemonth earlier. Otherwise, Ford posted beardown quarterly net that bushed Wall Street expectations and raised its full-year guidance. Shares were level successful premarket trading.
Juniper Networks — Shares of the exertion institution fell 8% aft Juniper's third-quarter guidance came successful lighter than expected. The institution said it expects net per stock betwixt 49 cents and 59 cents, with gross betwixt $1.34 cardinal and $1.44 billion. Analysts had penciled successful 62 cents per stock and $1.48 cardinal of revenue. The company's second-quarter results did travel successful somewhat supra expectations.
AstraZeneca — U.S. listed shares of the drugmaker added much than 5% earlier the bell. The U.K.-based institution reported second-quarter net of $2.15 per stock connected $11.42 cardinal successful revenue. That surpassed the EPS of $1.95 expected by analysts polled by Refinitiv connected revenues of $11.03 billion. AstraZeneca besides said it would bargain a portfolio of preclinical uncommon illness cistron therapies from Pfizer for up to $1 billion.
Xpeng — The Chinese electrical conveyance banal jumped much than 6% successful the premarket. Jefferies upgraded shares to a bargain from a hold, citing Xpeng's associated development plan with Volkswagen
New York Community Bancorp — The determination slope banal roseate astir 2% earlier the doorbell aft JPMorgan upgraded New York Community Bancorp to an overweight standing from neutral. The Wall Street steadfast called the institution a "massive marketplace stock taker" successful its upgrade.
Mondelez International — Mondelez International added 2.7% earlier the doorbell connected beardown second-quarter results. The snack shaper connected Thursday reported net of 76 cents a share, excluding items, connected $8.51 cardinal successful revenue. Analysts polled by Refinitiv had estimated EPS of 69 cents and revenues of $8.21 billion.
— CNBC's Tanaya Macheel, Yun Li and Jesse Pound contributed reporting
