During Market hours yesterday — (Thursday – 29.04.2021):
- The Dow (Symbol: DIA) went up 0.6%. The S&P500 (Symbol: SPY) popped 0.6% and the Nasdaq (Symbol: QQQ) rose 0.4%
- Ford (Symbol: F) — Shares of the automaker fell 9.4% on Thursday after Ford said it expected to lose half of its second-quarter production due to the global semiconductor shortage. The company did beat expectations on the top and bottom lines for the first quarter.
- Facebook (Symbol: FB) — The social network saw its stock pop 7.3% in midday trading after it reported first-quarter revenue of $26.17 billion, a 48% increase compared with a year prior, thanks to pricier ads. Facebook also reduced its forecast for capital expenditures for the year to between $19 billion and $21 billion.
- Caterpillar (Symbol: CAT) — Shares of the global machinery manufacturer dropped 2.1%, even after it reported better-than-expected sales and earnings for the first quarter. The stock appeared to come under pressure after CEO Jim Umpleby suggested that global supply-chain issues, including the semiconductor shortage, could make it tougher for the heavy-equipment maker to meet recovering demand this year.
- Qualcomm (Symbol: QCOM) — Qualcomm shares advanced 4.5% after the chipmaker reported that revenue grew 52% on an annualized basis in the three months ended March 28. The company reported adjusted per-share earnings of $1.90 versus the $1.67 expected by analysts surveyed by Refinitiv.
- Cheesecake Factory (Symbol: CAKE) — Shares of the restaurant chain gained about 7.1% after reporting an adjusted quarterly profit of 20 cents per share, while analysts expected a loss of 6 cents per share, according to Refinitiv. Revenue also topped expectations.
- eBay (Symbol: EBAY) — Shares of the e-commerce company tanked 10% after giving disappointing current quarter guidance. EBay beat on the top and bottom lines of its quarterly results.
- Merck & Co. (Symbol: MRK) — The pharmaceutical stock shed 4.4% after Merck’s first-quarter results came in below expectations. The company reported $1.40 in adjusted earnings per share on $12.08 billion in revenue for the quarter. Analysts surveyed by Refinitiv were looking for $1.63 in earnings per share on $12.66 billion in revenue.
- DISH Network (Symbol: DISH) — The television stock rose 8.3% after Dish trumped expectations for the first quarter. The company earned 99 cents per share, which is 18 cents higher than analysts had penciled in, according to Refinitiv. Revenue beat expectations as well, as the decline in TV subscribers slowed.
- Comcast (Symbol: CMCSA) — Shares of the NBCUniversal and CNBC parent jumped 4.3% after beating estimates, reporting adjusted quarterly earnings of 76 cents per share, according to Refinitiv. Revenue also topped expectations.
- Generac (Symbol: GNRC) — Shares of the generator maker popped 6.7% after the company beat on the top and bottom lines of its quarterly results. Generac reported EPS of $2.38 on revenue of $807 million. Analysts expected EPS of $1.87 on revenue of $729 million, according to Refinitiv.
During Premarket hours today – (Friday – 30.04.2021):
- Twitter (Symbol: TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue was also slightly above estimates.
- Skyworks Solutions (Symbol: SWKS) – Skyworks beat estimates by 2 cents a share, with quarterly earnings of $2.37 per share. The maker of semiconductor components also saw its revenue beat forecasts.
- Western Digital (Symbol: WDC) – Western Digital reported quarterly profit of $1.02 per share, compared to a consensus estimate of 68 cents a share. The disk drive and flash memory company’s revenue also exceeded Street forecasts, with stronger memory chip prices among the positive factors for the quarter.
- Chevron (Symbol: CVX) – Chevron matched forecasts with quarterly profit of 90 cents per share, with revenue above Street forecasts. Chevron’s profit fell 29% from a year ago, with weaker refining margins among the factors offsetting higher oil and gas prices.
- Exxon Mobil (Symbol: XOM) – Exxon reported quarterly earnings of 65 cents per share, 6 cents a share above estimates. Revenue came in above forecasts as well. Exxon said it lowered cash operating expenses compared to a year ago and expects to deliver additional cost savings.
- Clorox (Symbol: CLX) – The cleaning products maker’s shares skidded 4.1% in premarket trading after the company cut its full-year forecast due to higher commodity and freight costs. Clorox beat estimates for its latest quarter by 14 cents a share, with profit of $1.62 per share. Revenue was below analysts’ forecasts.
- Newell Brands (Symbol: NWL) – Newell shares rose 2.9% in the premarket after beating estimates on both the top and bottom lines for its latest quarter and raising its full-year forecast. The company behind consumer product brands like Sunbeam, Rubbermaid and Sharpie said it saw strong sales growth across all its business units.
- Restaurant Brands (Symbol: QSR) – The restaurant operator beat estimates by 5 cents a share, with quarterly earnings of 55 cents per share. Revenue came in slightly above estimates. Comparable sales were better than expected at Tim Hortons and Popeyes, and matched forecasts at Burger King.
- Amazon.com (Symbol: AMZN) – Amazon reported record profit for the fourth straight quarter, with earnings of $15.79 per share swamping the consensus estimate of $9.54 a share. Revenue also exceeded forecasts, with Amazon showing strength in all its business lines. It also said it does not expect the pandemic-induced boom in online shopping to fade once the crisis recedes.
- Gilead Sciences (Symbol: GILD) – Gilead fell a penny a share short of analyst forecasts, with quarterly earnings of $2.08 per share. The drugmaker’s revenue missed estimates as well. Gilead was impacted by weaker sales for its HIV and hepatitis C drugs, although it did benefit from sales of its remdesivir Covid-19 treatment.
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