An Amazon truck is seen entering the LDJ5 Amazon Sort Center on April 25, 2022 in New York City.
Michael M. Santiago | Getty Images
Check out the companies making headlines in extended trading.
Amazon – Shares of the e-commerce giant tumbled by 10% after hours, after the company reported first-quarter results and issued weaker-than-expected revenue guidance for the second quarter. Amazon recorded a $ 7.6 billion loss on its Rivian investment after the EV maker’s shares lost more than half their value in the quarter.
Robinhood – The investing app’s shares dropped more than 8% after reporting a wider-than-expected loss and shrinking revenue for the first quarter. The company also reported a decrease in monthly active users, to 15.9 million from 17.7 million a year ago.
Intel – Tech firm Intel’s shares fell more than 4% after the company issued weak guidance for its fiscal second quarter. Intel called for adjusted second quarter earnings per share of 70 cents, compared to the 83 cents per share expected by analysts polled by Refinitiv.
Western Digital – The computer company shares rose more than 2% in extended trading following a strong earnings report for the company’s most recent quarter. Western Digital posted $ 1.65 per share in earnings for the quarter, compared to estimates of $ 1.49 per share, according to FactSet. It also topped revenue estimates and issued strong guidance for the next quarter.
Apple – Apple shares got a more than 2% boost after hours following its quarterly earnings report, in which it posted a big earnings beat and 9% increase in revenue on an annual basis, and authorized $ 90 billion in share buybacks.
Roku – The streaming company saw shares jump more than 7% after reporting quarterly results. Despite recording an earnings miss and weak second-quarter revenue guidance, it brought in $ 734 million in revenue for the first quarter, while analysts were expecting $ 718 million, according to Refinitiv.
Mohawk Industries – The flooring company’s shares jumped more than 10% after hours, following Mohawk’s quarterly results. Mohawk topped revenue estimates of $ 2.85 billion, according to FactSet, posting $ 3.02 billion for the quarter.