Amazon, Intel, Snap, Pinterest and more

Take a look at the businesses making headlines after hours.

Amazon – Amazon jumped 7% in prolonged buying and selling after reporting a first-quarter income beat. The net retail large posted income of $127.4 billion, higher than the $124.5 billion consensus estimate printed by Refinitiv. 

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Intel – Intel shares have been down 1.2% after initially rising within the wake of its first-quarter outcomes. The semiconductor agency reported its largest-ever quarterly loss. Nevertheless, it did beat analysts’ expectations on the highest and backside strains. The semiconductor agency posted a first-quarter lack of 4 cents per share ex-items on income of $11.7 billion. Analysts polled by Refinitiv forecasted a loss per share of 15 cents on income of $11.04 billion.

Snap – The social media inventory tumbled practically 20% in prolonged buying and selling Thursday after the agency’s first-quarter outcomes. Snap reported first-quarter income of $989 million, decrease than the estimated $1.01 billion, in accordance with Refinitiv knowledge. Alternatively, Snap earned 1 cent per share, excluding objects, which was higher than the forecasted per-share lack of 1 cent. 

Pinterest – Pinterest shares dropped 8%. The picture sharing agency surpassed expectations on the highest and backside strains in its first quarter, in accordance with consensus estimates from Refinitiv. Nevertheless, second-quarter income development expectations have been disappointing. The agency expects working bills to develop within the low teenagers. 

Boston Beer – Boston Beer shares slid 3.2% in prolonged buying and selling. The brewery behind Samuel Adams and Twisted Tea manufacturers missed analysts’ expectations on the highest and backside strains, in accordance with Refinitiv knowledge. 

First Photo voltaic – The photo voltaic inventory shed greater than 5% on disappointing first-quarter outcomes. The agency reported earnings of 40 cents per share on $548 million in income. Analysts anticipated per-share earnings of $1.02 on income of $718 million, in accordance with Refinitiv.

T-Cell US – T-Cell US shares declined as a lot as 2.5% after first-quarter income for the telecommunications agency got here in decrease than anticipated, in accordance with Refinitiv.

Cloudfare – Cloudfare tumbled 23% in prolonged buying and selling after posting weaker-than-expected first-quarter income and issuing a lackluster second-quarter and full-year forecast.

L3Harris Applied sciences – L3Harris Applied sciences added greater than 3% in prolonged buying and selling after beating first-quarter earnings and income expectations. The protection contractor posted first-quarter earnings of $2.86 per share ex-items on income of $4.47 billion. Analysts surveyed by Refinitiv anticipated per-share earnings of $2.85 on income of $4.25 billion.

Amgen – Amgen declined 2.2% after disappointing first-quarter income expectations. The biotech agency reported $6.11 billion in income, decrease than estimates of $6.17 billion from analysts polled by Refinitiv. Amgen did beat on earnings expectations.

Honest Isaac – Shares fell 2% after Honest Isaac missed earnings estimates in its second quarter, although it did beat on income expectations. The info analytics agency behind the FICO rating reported adjusted earnings of $4.78 per share, weaker than the consensus estimate of $5.04 per share, in accordance with Refinitiv.

Gilead Sciences – Shares of the biopharmaceutical firm fell about 1% in prolonged buying and selling after it reported disappointing earnings, however topped income expectations, in accordance with Refinitiv knowledge.

Mondelez Worldwide – Mondelez Worldwide climbed 2% after posting first-quarter outcomes that exceeded expectations on the highest and backside strains, in accordance with consensus expectations from Refinitiv.