Chris Ratcliffe | Bloomberg | Getty Photographs Take a look at the businesses making headlines in noon buying and selling. Amazon — The e-commerce large noticed its shares acquire 1% in noon buying and selling after it reported a document first-quarter revenue. The Seattle-based agency stated income greater than tripled to $8.1 billion and January-to-March gross sales
Chris Ratcliffe | Bloomberg | Getty Photographs
Take a look at the businesses making headlines in noon buying and selling.
Amazon — The e-commerce large noticed its shares acquire 1% in noon buying and selling after it reported a document first-quarter revenue. The Seattle-based agency stated income greater than tripled to $8.1 billion and January-to-March gross sales soared 44% to $108 billion. The outcomes blew previous expectations with the corporate incomes $15.79 per share vs. the consensus estimate of $9.54.
Twitter — The social media firm’s shares plunged 13% in noon buying and selling after its person progress outcomes and second-quarter income steerage fell in need of analysts’ forecasts. Twitter’s EPS and income topped expectations.
Gilead — Shares of the biotech firm dipped about 1.3% after lacking on the highest and backside traces of its quarterly outcomes. Gilead Sciences reported EPS of $2.08 on income of $6.42 billion. Analysts anticipated EPS of $2.09 per share on income of $6.75 billion.
Exxon Mobil — The oil large’s shares slid 1.9% regardless of the corporate returning to profitability and snapping 4 straight quarters of losses. Exxon beat high and backside line estimates in the course of the interval, incomes 65 cents per share on an adjusted foundation, whereas posting income of $59.15 billion. Analysts surveyed by Refinitiv have been anticipating the corporate to earn 65 cents per share on $54.6 billion in income.
Chevron — Chevron shares dipped about 3% after the corporate reported first-quarter outcomes. The oil large earned 90 cents per share on an adjusted foundation, which was in-line with Wall Avenue estimates. Income exceeded expectations, though outcomes have been nonetheless beneath pre-pandemic ranges.
Newell Manufacturers — The patron merchandise inventory ticked up about 0.8% after reporting stronger-than-expected outcomes for its first quarter. The Rubbermaid-parent firm earned an adjusted 30 cents per share on $2.29 billion in income for the interval. Analysts surveyed by Refinitiv have been anticipating 13 cents per share and $2.07 billion in income.
Colgate-Palmolive — Shares of the family merchandise maker gained 1.1% after each revenue and gross sales got here in barely above Avenue forecasts for its most up-to-date quarter. The corporate reported 6% gross sales progress regardless of tough comparisons to a 12 months in the past, when customers have been stocking up because the pandemic took maintain.
Skyworks Options — Skyworks fell practically 8% in noon buying and selling even after it beat earnings estimates by 2 cents a share at $2.37 per share. Traders appeared displeased with the corporate after it gave outlook that got here in beneath what some had hoped.
– CNBC’s Jesse Pound, Pippa Stevens, and Maggie Fitzgerald contributed reporting.
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