During Market hours yesterday — Wednesday (28.04.2021):
- The Dow (Symbol: DIA) went down 0.4%. The S&P 500 (Symbol: SPY) slid 0.03%. and the Nasdaq (Symbol: QQQ) sank 0.3%.
- Spotify (Symbol: SPOT) — The streaming audio stock fell more than 12% after the company’s monthly active users for the first quarter disappointed investors. Spotify also cut its full year guidance for the metric. The company did report a smaller-than-expected loss for the first three months of the year.
- Shopify (Symbol: SHOP) — Shares of the e-commerce company popped 11.4% after Shopify reported adjusted earnings per share that were close to triple what analysts had projected. The company reported $2.01 in adjusted earnings per share on $989 million in revenue. Analysts surveyed by Refinitiv were expecting 74 cents per share and $865 million in revenue.
- Microsoft (Symbol: MSFT) — Shares of the software giant stumbled 2.8% on Wednesday despite Microsoft reporting beats on the top and bottom lines for its fiscal third quarter. Some Wall Street analysts pointed toward concerns about the growth of Azure, Microsoft’s cloud business, as a reason for the selling pressure.
- Boeing (Symbol: BA) — Shares of the aircraft-maker lost 2.9% after posing its sixth-straight quarterly loss. Boeing reported a loss of $1.53 per share. The company made $15.22 billion in revenue, topping estimates of $15.02 billion, according to Refinitiv.
- Pinterest (Symbol: PINS) – The social media company’s stock slid 14.5% after Pinterest missed user growth expectations for the first quarter. However, the company beat top and bottom line estimates for the period. Pinterest earned 11 cents on $485 million in revenue, compared to forecasts of a 7-cent profit and $474 million in revenue, according to estimates from Refinitiv. Monthly active users came in at 478 million, short of the expected 480.5 million.
- Enphase Energy (Symbol: ENPH) – Shares of the microinverter maker slid more than 14% following the company’s first-quarter results. Enphase beat top and bottom line estimates for the period, but guidance was light amid ongoing semiconductor shortages. “Looking to Q2, our shipment volumes will be constrained by semiconductor component availability,” Enphase’s CEO said on the earnings call.
- Alphabet (Symbol: GOOGL) – Shares of Google-parent Alphabet gained nearly 3% after reporting better-than-expected earnings after the bell on Tuesday. Alphabet saw its revenues grow 34% from a year ago.
- Amgen (Symbol: AMGN) — The biotech company’s share price slid more than 7% after reporting disappointing quarterly earnings. Amgen reported adjusted EPS of $3.70 per share, while analysts expects EPS of $4.04 per share. Amgen made $5.9 billion in revenue, missing estimates of $6.27 billion, according to Refinitiv.
- Starbucks (Symbol: SBUX) — Shares of the coffee chain dipped more than 3% on Wednesday after the company’s revenue for the fiscal second quarter came in lighter than expected. Starbucks reported 62 cents in adjusted earnings per share on $6.7 billion in revenue. Analysts surveyed by Refinitiv were expected 53 cents per share and $6.8 billion in revenue.
- Mondelez (Symbol: MDLZ) — The snack food stock climbed 3.7% after Mondelez beat Wall Street estimates on the top and bottom lines for its first quarter. The company reported adjusted earnings per share of 77 cents on $7.24 billion of revenue, as sales grew in every major market except Latin America. Analysts surveyed by FactSet were expecting 69 cents in earnings per share and $7.01 billion in revenue.
- Ralph Lauren (Symbol: RL) — Shares of the luxury clothing brand rose 2.7% after research firm Cowen upgraded the stock to outperform from market perform. Cowen said in a note that Ralph Lauren should see strong demand as the economy reopens.
- F5 Networks (Symbol: FFIV) — The cybersecurity stock slid more than 9% after F5 Networks reported software growth below guidance for its fiscal second quarter. The company did beat projections for earnings per share and overall revenue, according to estimates compiled by FactSet.
During Premarket hours today – Thursday (29.04.2021):
U.S. weekly jobless claims total 553,000, vs 540,000 expected.
- Facebook (Symbol: FB) – Facebook exceeded analysts’ forecasts by $1.03 a share, with quarterly profit of $3.30 per share. The social media giant’s revenue was also well above Wall Street forecasts as digital ad spending continued to surge amid the pandemic. Facebook said ad revenue could take a hit later this year, however, due to Apple’s new privacy policies that make ad targeting more difficult. Facebook’s stock surged 7.6% in premarket trading.
- Comcast (Symbol: CMCSA) – The NBCUniversal and CNBC parent beat estimates by 17 cents a share, with quarterly earnings of 76 cents per share. Revenue also topped estimates, driven in part by strong growth in broadband and wireless phone customers.
- Generac (Symbol: GNRC) – The generator maker earned $2.38 per share for the first quarter, compared to a consensus estimate of $1.87 a share. Revenue also exceeded forecasts on strength in the residential market, and Generac raised its sales forecast for the full year.
- EBay (Symbol: EBAY) – EBay reported consensus-beating results on both the top and bottom lines for its most recent quarter, but the online marketplace operator gave a lighter-than-expected current-quarter outlook.
- Caterpillar (Symbol: CAT) – Caterpillar shares gained 1.6% in premarket trading after the heavy equipment maker beat estimates by nearly $1 a share, with quarterly profit of $2.87 per share. Revenue was also above forecasts, as the recovering economy spurred demand for equipment.
- McDonald’s (Symbol: MCD) – The restaurant chain came in 11 cents a share ahead of consensus, with quarterly profit of $1.92 per share. Revenue was also above forecasts, boosted by a better-than-expected 13.6% jump in U.S. same-store sales.
- Merck (Symbol: MRK) – A pandemic-induced drop in medical office visits was among the key reasons for the drugmaker’s earnings shortfall for the first quarter. Merck missed expectations by 23 cents a share, with quarterly profit of $1.40 per share.
- Bristol Myers (Symbol: BMY) – The drugmaker came in 7 cents a share shy of estimates, reporting quarterly earnings of $1.74 per share. Revenue was also below forecasts as cancer drug sales were shy of Street forecasts.
- Apple (Symbol: AAPL) – Apple gained 3% in premarket action after it blew past the consensus estimate of 99 cents a share, with quarterly earnings of $1.40 per share. Revenue also topped estimates by a wide margin for its latest quarter, with Apple’s results driven by a surge in demand for new 5G iPhones. It also increased planned stock buybacks by $90 billion. Apple warned of a negative impact from the ongoing global chip shortage, however.
- Ford Motor (Symbol: F) – Ford earned quarterly profit of 89 cents per share, compared to a consensus estimate of 21 cents a share. The automaker’s revenue also beat analysts’ forecasts. Ford said a global chip shortage could ease this summer, but it could cut second-quarter production in half.
- Qualcomm (Symbol: QCOM) – Qualcomm beat estimates by 23 cents a share, with quarterly profit of $1.90 per share. The chipmaker’s revenue also exceeded projections and Qualcomm gave an upbeat current-quarter forecast as supply constraints ease. Its stock jumped 5.1% in the premarket.
- Cheesecake Factory (Symbol: CAKE) – Cheesecake Factory shares rallied 6.7% in premarket action after the company reported quarterly profit of 20 cents per share, compared to analysts’ expectations of a 6 cents per share loss. The restaurant chain’s revenue also exceeded forecasts.
- Align Technology (Symbol: ALGN) – Align beat estimates by 47 cents a share, with quarterly earnings of $2.49 per share. Revenue topped estimates as well. Sales jumped from a year earlier on higher demand for its teeth straighteners, although profit fell on higher expenses.
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