Check out the companies making headlines in after-hours trading. Alphabet – Shares of the Google-parent gained about 5% after its first-quarter results topped Wall Street’s expectations. Alphabet earned $2.81 per share on $90.23 billion in revenue for the quarter, while analysts surveyed by LSEG had expected $2.01 per share and $89.12 billion in revenue. Intel – The stock fell almost 6% after the company’s outlook for the current quarter disappointed investors. Intel is calling for revenue for the period to come in at $11.8 billion dollars at its midpoint, less than the average estimate among analysts of $12.82 billion, and anticipates that earnings will be breakeven. The company also said it’s planning to cut its operational and capital expenses. Gilead Sciences – The biopharmaceutical stock dropped more than 3% on the heels of the company’s weaker-than-expected first-quarter revenue. The company rang up $6.67 billion in sales versus the $6.81 billion that analysts had penciled in, according to LSEG. Earnings for the quarter came in better than expected, however. T-Mobile – Shares of the wireless communications services provider pulled back more than 5% despite its earnings and revenue for the first quarter topping analyst estimates. However, the company reported fewer wireless phone subscribers than the Street anticipated for the period, seeing 495,000 postpaid phone additions compared to the StreetAccount estimate of 504,000. Skechers – The footwear stock declined about 6% after the company posted weak first-quarter revenue and withdrew its 2025 guidance, citing ” macroeconomic uncertainty stemming from global trade policies .” Skechers’ earnings, meanwhile, beat analyst estimates. VeriSign – The Internet domain registration company’s stock slipped nearly 2% after it reported earnings and announced its first cash dividend since 2011. VeriSign said it earned $2.10 a share on sales of $402 million in the first quarter. Analysts expected the company to earn $2.11 per share on revenue of $401.9 million, per FactSet. Boyd Gaming – Shares of the gaming company advanced about 3% following strong earnings and revenue for the first quarter. Boyd posted adjusted earnings of $1.62 per share, above the $1.51 per share that analysts polled by FactSet were expecting. The company’s revenue of $991.6 million also beat the consensus estimate of $972.6 million. Boston Beer – Shares of the Sam Adams brewer rose 2% after it solidly outpaced first-quarter estimates. Boston Beer earned $2.16 per share on revenue of $454 million in the latest period. Analysts surveyed by LSEG anticipated a profit of 62 cents per share on $434 million in revenue. Tariffs could boost costs by $20 million or $30 million in fiscal 2025, it said. Eastman Chemical – Shares of the specialty chemical company sunk 3% in extended trading after posting mixed first-quarter results. Eastman earned $1.91 per share, excluding items, on revenue of $2.29 billion. According to FactSet, analysts expected the company to earn $1.89 per share and post $2.33 billion in sales. — CNBC’s Christina Cheddar Berk contributed reporting.
Stocks making the biggest moves after hours: GOOGL, INTC, TMUS
Categories:
Related Post
Santander says 750 jobs at risk as it pursues UK branch closuresSantander says 750 jobs at risk as it pursues UK branch closures
Jonathan Nicholson | NurPhoto | Getty Images The British unit of Spanish lender Banco Santander on Wednesday said 750 of its staff were at risk of redundancy as it targets
State AGs urge Meta to clean up platformState AGs urge Meta to clean up platform
New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on July 13, 2022 in New York City. Michael M. Santiago |
Stocks making the biggest moves premarket: SEDG, CART, RGTI, NVOStocks making the biggest moves premarket: SEDG, CART, RGTI, NVO
Check out the companies making headlines before the bell. SolarEdge Technologies — The solar stock dropped 6%. Citi downgraded SolarEdge to sell from neutral, saying the company faces “stubbornly high”