Twitter, Skyworks Options, Western Digital & extra
Check out a few of the largest movers within the premarket:
Twitter (TWTR) – Twitter shares plunged 12.4% in premarket buying and selling after it warned of rising bills and a potential slowdown in person progress. Twitter beat estimates for its newest quarter by 2 cents a share, with earnings of 16 cents per share. Income was additionally barely above estimates.
Skyworks Options (SWKS) – Skyworks beat estimates by 2 cents a share, with quarterly earnings of $2.37 per share. The maker of semiconductor parts additionally noticed its income beat forecasts. The corporate’s shares tumbled 7.9% in premarket buying and selling, nonetheless, after it gave an outlook that disenchanted some buyers.
Western Digital (WDC) – Western Digital reported quarterly revenue of $1.02 per share, in comparison with a consensus estimate of 68 cents a share. The disk drive and flash reminiscence firm’s income additionally exceeded Avenue forecasts, with stronger reminiscence chip costs among the many constructive elements for the quarter. Shares jumped 4.7% in premarket motion.
Chevron (CVX) – Chevron matched forecasts with quarterly revenue of 90 cents per share, with income above Avenue forecasts. Chevron’s revenue fell 29% from a yr in the past, with weaker refining margins among the many elements offsetting larger oil and fuel costs. Its shares misplaced 2.2% in premarket buying and selling.
Exxon Mobil (XOM) – Exxon reported quarterly earnings of 65 cents per share, 6 cents a share above estimates. Income got here in above forecasts as effectively. Exxon mentioned it lowered money working bills in comparison with a yr in the past and expects to ship extra value financial savings.
Clorox (CLX) – The cleansing merchandise maker’s shares skidded 4.1% in premarket buying and selling after the corporate minimize its full-year forecast on account of larger commodity and freight prices. Clorox beat estimates for its newest quarter by 14 cents a share, with revenue of $1.62 per share. Income was under analysts’ forecasts.
Newell Manufacturers (NWL) – Newell shares rose 2.9% within the premarket after beating estimates on each the highest and backside traces for its newest quarter and elevating its full-year forecast. The corporate behind client product manufacturers like Sunbeam, Rubbermaid and Sharpie mentioned it noticed robust gross sales progress throughout all its enterprise models.
Restaurant Manufacturers (QSR) – The restaurant operator beat estimates by 5 cents a share, with quarterly earnings of 55 cents per share. Income got here in barely above estimates. Comparable gross sales had been higher than anticipated at Tim Hortons and Popeyes, and matched forecasts at Burger King. Shares added 1.1% in premarket motion.
Colgate-Palmolive (CL) – Shares of the family merchandise maker gained 1.5% within the premarket as its high and backside traces got here in barely above Avenue forecasts for its most up-to-date quarter. The corporate registered 6% gross sales progress regardless of troublesome comparisons to a yr in the past, when shoppers had been stocking up because the pandemic took maintain.
Amazon.com (AMZN) – Amazon reported document revenue for the fourth straight quarter, with earnings of $15.79 per share swamping the consensus estimate of $9.54 a share. Income additionally exceeded forecasts, with Amazon displaying power in all its enterprise traces. It additionally mentioned it doesn’t count on the pandemic-induced growth in on-line procuring to fade as soon as the disaster recedes. Amazon gained 2.4% within the premarket.
Gilead Sciences (GILD) – Gilead fell a penny a share wanting analyst forecasts, with quarterly earnings of $2.08 per share. The drugmaker’s income missed estimates as effectively. Gilead was impacted by weaker gross sales for its HIV and hepatitis C medicine, though it did profit from gross sales of its remdesivir Covid-19 therapy. The inventory fell 2.7% in premarket buying and selling.
Texas Roadhouse (TXRH) – Texas Roadhouse gained 3% within the premarket after the restaurant chain beat estimates on the highest and backside traces for its newest quarter. The corporate additionally introduced it might resume paying a dividend in June.
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