An Amazon truck is seen entering the LDJ5 Amazon Sort Center on April 25, 2022 in New York City.
Michael M. Santiago | fake images
Check out the companies that make the headlines in the extended trade.
Amazon — Shares of the e-commerce giant fell 10% after hours after the company reported first-quarter results and issued weaker-than-expected earnings guidance for the second trimester. Amazon posted a $7.6 billion loss on its investment in Rivian after the electric vehicle maker’s shares lost more than half their value in the quarter.
Robin Hood — Shares of the investment app fell more than 8% after reporting a higher-than-expected loss and reduced revenue for the first trimester. The company also reported a decline in monthly active users, to 15.9 million from 17.7 million a year earlier.
Intel — Shares of technology company Intel fell more than 4% after the company issued weak guidance for its fiscal second quarter. Intel asked for second-quarter adjusted earnings per share of 70 cents, compared with 83 cents per share expected by analysts surveyed by Refinitiv.
digital west — Shares of the computer company rose more than 2% in extended trading after a strong earnings report for the company’s most recent quarter. Western Digital posted $1.65 a share in earnings for the quarter, compared with estimates of $1.49 a share, according to FactSet. It also beat revenue estimates and issued strong guidance for the coming quarter.
Apple — Apple shares got a boost of more than 2% hours after its quarterly earnings report, in which posted a great pace of earnings and a 9% annual increase in revenue, and authorized $90 billion in share buybacks.
roku — The streaming company saw its shares rise more than 7% after reporting quarterly results. Despite posting a loss of earnings and weak revenue guidance for the second quarter, it brought in $734 million in revenue for the first quarter, while analysts had expected $718 million, according to Refinitiv.
Mohawk Industries — Shares of the flooring company rose more than 10% after hours, following Mohawk’s quarterly results. Mohawk beat revenue estimates of $2.85 billion, according to FactSet, posting $3.02 billion for the quarter.