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In after-hours trading, several major companies have made headlines with significant movements in their stock prices. Apple (NASDAQ:AAPL) saw a modest rise after exceeding earnings expectations, while Intel (NASDAQ:INTC) experienced a steep decline due to dividend suspension and workforce cuts. Amazon (NASDAQ:AMZN) faced a drop following weaker-than-expected revenue and a disappointing forecast, whereas DoorDash (NASDAQ:DASH) saw a notable increase after a strong revenue performance. Other notable movers include Coinbase (NASDAQ:COIN), Block (NASDAQ:SQ), Snap (NASDAQ:SNAP), Roku (NASDAQ:ROKU), Clorox (NASDAQ:CLX), Coterra Energy (NASDAQ:CTRA), GoDaddy (NASDAQ:GDDY), Atlassian (NASDAQ:TEAM), and Booking Holdings (BKNG), each reacting to their latest financial results and forward guidance.
- Apple (NASDAQ:AAPL) — Shares edged higher after the company reported fiscal Q3 earnings of $1.40 per share, surpassing analysts’ estimate of $1.35. Revenue reached $85.78 billion, also exceeding expectations.
- Intel (NASDAQ:INTC) — The stock plummeted 17% following Intel's announcement to suspend its dividend in Q4 and lay off 15% of its workforce. The company also reported disappointing quarterly results and provided weak guidance for the current quarter.
- Amazon (NASDAQ:AMZN) — Shares dropped 5% after the e-commerce giant reported weaker-than-expected revenue for Q2 and issued a disappointing Q3 forecast. Despite a 19% increase in cloud division revenue, it fell short of some estimates.
- DoorDash (NASDAQ:DASH) — The stock surged nearly 14% after DoorDash beat revenue expectations with $2.63 billion in Q2, exceeding the $2.54 billion estimate. The company also raised its marketplace gross order value forecast for Q3.
- Coinbase (NASDAQ:COIN) — Shares rose nearly 5% after the crypto exchange reported Q2 revenue of $1.45 billion, slightly above the $1.40 billion estimate.
- Block (NASDAQ:SQ) — The fintech company rallied more than 7% on better-than-expected adjusted earnings of 93 cents per share, above the 84 cents estimate. Revenue of $6.16 billion, however, missed the $6.28 billion forecast.
- Snap (NASDAQ:SNAP) — Shares dropped 17% as Snap forecasted Q3 adjusted earnings between $70 million and $100 million, below the $110 million estimate. Revenue for the latest quarter also missed forecasts.
- Roku (NASDAQ:ROKU) — The stock jumped over 5% after Roku reported a narrower-than-expected Q2 loss of 24 cents per share, better than the anticipated 43 cents loss. Revenue of $968 million exceeded the $938 million consensus estimate.
- Clorox (CLX) — Shares advanced 4% following Clorox's fiscal full-year earnings guidance of $6.55 to $6.80 per share, surpassing the $6.45 estimate. Q4 adjusted earnings were $1.82 per share, above the $1.56 estimate.
- Coterra Energy (CTRA) — The stock dipped 1.8% after Coterra reported Q2 adjusted earnings of 37 cents per share, below the 39 cents estimate.
- GoDaddy (GDDY) — Shares rose 6% after GoDaddy increased its full-year revenue guidance to $4.525 billion to $4.565 billion, above the $4.53 billion estimate.
- Atlassian (TEAM) — The stock sank more than 13% as Atlassian's forward outlook disappointed, with Q4 revenue guidance between $1.149 billion and $1.157 billion, below the $1.16 billion estimate.
- Booking Holdings (BKNG) — Shares fell 4% despite the company beating on both top and bottom lines, as gross bookings for Q2 were $41.4 billion, missing the $41.73 billion consensus estimate.
