[ad_1]
Check out the companies making headlines in extended trading. Amazon – The e-commerce giant gained 4.7% after it beat earnings expectations on both lines in the third quarter. Amazon reported earnings of $1.43 per share on revenue of $158.88 billion, while analysts surveyed by LSEG had expected $1.14 and $157.2 billion, respectively. The firm said both its cloud computing and advertising businesses showed strength. Intel – Shares jumped more than 14% after the chip maker posted better-than-expected third-quarter revenue. For the period, Intel reported revenue of $13.28 billion, while analysts surveyed by LSEG were expecting $13.02 billion. The company also issued uplift guidance. Apple – Shares fell 1.8% despite earnings and revenue that exceeded Wall Street expectations for the fourth fiscal quarter. Apple, on the other hand, reported lower-than-expected revenue from the Mac and iPad. Avis Budget – The car rental company slipped 2.4% after earnings fell short of analysts’ expectations on both lines for the third quarter surveyed by LSEG. Avis reported earnings of $6.65 per share on revenue of $3.48 billion, below the corresponding consensus forecast of $8.18 per share and $3.53 billion. BJ’s Restaurants – The restaurant company fell 9.7% after reporting a loss of 13 cents per share in the third quarter. However, the company saw revenue of $325.7 million, which exceeded analysts’ expectations of $325 million. Atlassian – Shares rose 16% after the software company reported fiscal first-quarter earnings and revenue that beat analysts’ expectations. Atlassian earned 77 cents a share, excluding items, on revenue of $1.19 billion. Analysts polled by StreetAccount had expected profit of 64 cents a share on revenue of $1.16 billion. — CNBC’s Sean Conlon contributed reporting
[ad_2]
Source link