Stocks making the biggest moves premarket: Exxon Mobil, Intel, Apple, Snap, Amazon and more

Here’s a quick rundown of the companies making waves in the early hours:

Exxon Mobil

  • The energy powerhouse reported an impressive Q2 performance with earnings per share at $2.14, overturning a predicted $2.01 per share forecast by LSEG.

Intel

  • Intel’s shares took a 20% hit following lower-than-anticipated Q2 earnings and revenue. The tech giant also announced a massive layoff of over 15% of its workforce as part of its major cost-cutting measures.

Snap

  • Despite an underwhelming Q3 guidance, Snap stocks experienced a 17% dip. The projection for Q3 adjusted earnings is between $70 million and $100 million, falling short of StreetAccount’s $110 million estimate.

Cloudflare

  • A 7% jump in shares was observed following an uplift in full-year outlook. The IT company has raised its full-year earnings estimate to between 70 and 71 cents per share, from its prior 60 to 61 cents.

DoorDash

  • DoorDash shares rose by 9% after it reported Q2 revenue of $2.63 billion, surpassing the LSEG consensus of $2.54 billion. The food delivery giant also raised its Q3 guidance for marketplace gross order value.

Amazon

  • The e-commerce giant experienced an 8% drop in stocks due to lower-than-expected Q2 results and a disappointing Q3 forecast. Nonetheless, the Q2 revenue of its cloud division exceeded analyst expectations.

Block

  • Block’s shares escalated by over 3% following its Q2 earnings beat. The fintech giant reported adjusted earnings of 93 cents per share, overcoming the LSEG’s estimated 84 cents per share.

Clorox

  • Clorox’s stocks climbed 1.7% after it issued fiscal full-year earnings guidance in a range between $6.55 and $6.80 per share, surpassing an LSEG estimate of $6.45 per share.

Apple

  • Apple shares nudged up by 0.3% following a beat on analysts’ estimates for fiscal Q3 on both top and bottom lines.

Twilio

  • Twilio shares soared by 5% after Q2 results surpassed expectations on both top and bottom lines.

Coinbase

  • Coinbase’s shares grew 1.3% with Q2 revenue reaching $1.45 billion, slightly above the estimated $1.40 billion.

Booking Holdings

  • Despite a robust Q2 performance, Booking Holdings shares dipped by 5%.

GoDaddy

  • GoDaddy stocks leapt around 7% after it raised the full-year revenue forecast to between $4.525 billion and $4.565 billion.

Coterra Energy

  • Despite disappointing Q2 earnings results, Coterra Energy shares downshifted by 1.5%.

Roku

  • Roku’s shares climbed 2.3% following a better-than-expected Q2 report.

Atlassian

  • Atlassian’s shares sank by more than 12% following weak revenue guidance for the fiscal first quarter and the full year.

Microchip Technology

  • Microchip Technology’s shares declined by 7% as forward earnings per share guidance missed forecasts.
Share this article:

Share This Article

 

About the Author

Stocks making the biggest moves premarket: Exxon Mobil, Intel, Apple, Snap, Amazon and more

Editor Prism MarketView