From CNBC: 2024-08-01 17:49:36

Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024. Check out the companies making headlines in extended trading:

Intel’s chip stock sank 17%, suspending its dividend in the fiscal fourth quarter and announcing plans to lay off 15% of its workforce due to worse-than-expected quarterly results and disappointing guidance for the current quarter.

Amazon’s e-commerce giant shares dropped 5% in extended trading as the company reported weaker-than-expected revenue for the second quarter and issued a disappointing forecast for the third quarter, despite an increase in revenue in its cloud division.

Apple shares inched higher after beating analysts’ estimates on the top and bottom lines with fiscal third-quarter earnings of $1.40 per share and revenue exceeding $85.78 billion, surpassing Street estimates.

DoorDash shares surged nearly 14% after reporting a revenue beat in the second quarter of $2.63 billion, exceeding estimates by analysts polled, with raised forecasts for marketplace gross order value in the third quarter.

Coinbase saw its shares rise nearly 5% in extended trading after second-quarter revenue slightly exceeded estimates at $1.45 billion, according to LSEG, buoying the crypto exchange operator.

Block rallied more than 7% on better-than-expected adjusted earnings of 93 cents per share in the second quarter, above consensus calls, though revenue slightly missed analyst estimates of $6.28 billion.

Snap, parent company of the instant messaging app, cratered 17% as it called for third-quarter adjusted earnings to fall short of estimates, with revenue missing forecasts from analysts polled by StreetAccount.

Roku shares jumped more than 5% after posting second-quarter results that surpassed expectations, with a narrower-than-expected quarterly loss of 24 cents per share and revenue of $968 million topping $938 million consensus estimate.

Clorox stock advanced 4% as fiscal full-year earnings guidance exceeded estimates at $6.55 to $6.80 per share, while fiscal fourth-quarter adjusted earnings of $1.82 per share outperformed consensus expectations.

Coterra Energy shares dipped 1.8% after disappointing earnings results with adjusted second-quarter earnings of 37 cents per share falling below the FactSet consensus estimate of 39 cents in earnings per share.

GoDaddy shares surged 6% as the web hosting company raised its revenue guidance for the full year, expecting between $4.525 billion and $4.565 billion, higher than analysts’ expectations.

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