After-hours buzz: Amazon, Ford, Intel & more
div > div.group > p:first-child"> Shares of Amazon initially jumped 2% in extended trading Thursday before giving up those gains following the release of the e-commerce giant's strong first-quarter earnings. Jeff Bezos' company reported earnings per share of $7.09 on revenue of $59.70 billion. Wall Street expected earnings per share of $4.72 on revenue of $59.65 billion, according to analysts surveyed by Refinitiv.
On an unadjusted basis, Ford's profit slid 34% from the year earlier. However, the demand for its popular pickups and SUVs in North America helped offset losses in China and South America. Shares of Intel dropped 8% after market close on Thursday after reporting strong first-quarter earnings but weak forward-looking guidance. The semiconductor company reported earnings of 89 cents per share, topping estimates of 87 cents per share. Revenue was $16.06 billion, higher than the forecast $16.02 billion, according to analysts surveyed by Refinitiv.
The company reported weak guidance compared with analyst estimates for the full year 2019. Intel expects revenue of $69.0 billion compared with estimates of $71.05 billion. Starbucks shares popped about 2% in extended trading — then pared gains — following the release of the Seattle-based coffee chain's mixed second-quarter earnings. Starbucks reported earnings per share of 60 cents on revenue of $6.31 billion. Wall Street expected earnings per share of 56 cents on revenue of $6.32 billion, according to Refinitiv.Shares of Mattel soared 10% after hours Thursday after posting better-than-expected first-quarter earnings.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves premarket: Bed Beth & Beyond, Tesla, Boeing, Amazon & moreSome of the names on the move ahead of the open.
Read more »
Like Amazon, these stocks have 100% buy ratings from analystsOnly one other S&P 500 stock has all ‘buy’ ratings from analysts, but a further search identifies dozens more.
Read more »
$1.4 trillion worth of FANG reports earnings this week. Here's how to play itThe options market is not pricing in how volatile trading could get in the wake of earnings releases by Facebook and Amazon on Wednesday and Thursday.
Read more »
Amazon Key for Garage now availablePrime customers who want to get deliveries to their garage can now use Amazon.com Inc.'s Key for Garage, available today. Customers with myQ-connected technology can link their account with Amazon, or customers can purchase a Key Smart Garage Kit. With the addition of the Amazon Cloud Cam, users can see into their garage remotely. Key by Amazon delivery service is available in 50 U.S. cities. Amazon, which will announce earnings on Thursday, has seen its shares rally 25.7% for the year to date while the S&P 500 index is up 16% for the period.
Read more »
These $600 smart glasses backed by Amazon and Intel are the best yet, but still don't do enoughFocals are the best smart glasses to hit the market. They're from a company called North, which got backing from Amazon, Intel and others. CNBC's Adam Isaak tried them out.
Read more »
Ford invests $500 million in electric truck maker RivianFord says it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer.
Read more »
Ford will invest $500 million in Tesla rival Rivian, joining Amazon and going head-to-head with GMFord and Rivian said that they would jointly develop a new electric vehicle using Rivian's platform.
Read more »
Ford Jumps On Rivian's SkateboardFord Motor Co. and Rivian announce the automaker will invest $500 million in the electric vehicle startup as it seeks to leverage Rivian's skateboard electric architecture.
Read more »
Ford ups the power on the iconic Mustang muscle car at New York auto showFord is hoping to retain its lead as the best-selling sports car by continuing to not only update the Mustang but by adding an array of new variants, includint the EcoBoost High-Performance Package debuting at the New York International Auto Show.
Read more »