Twitter, Skyworks Solutions, Western Digital & more
Check out some of the largest moving companies on the pre-market:
Twitter (TWTR) – Twitter shares fell 12.4% in premarket trading after warning of rising costs and a possible slowdown in user growth. Twitter beat estimates for the last quarter by 2 cents per share, with earnings of 16 cents per share. Sales were also slightly above estimates.
Skyworks solutions (SWKS) – Skyworks beat estimates by 2 cents per share with quarterly earnings of $ 2.37 per share. The manufacturer of semiconductor components was also able to exceed its sales forecasts. However, the company’s shares fell 7.9% in premarket trading after giving an outlook that disappointed some investors.
Western Digital (WDC) – Western Digital reported quarterly earnings of $ 1.02 per share, compared to a consensus estimate of 68 cents per share. The company’s hard drive and flash memory sales also beat Street’s forecasts, with higher memory chip prices among the positive drivers for the quarter. Shares rose 4.7% prior to going public.
Chevron (CVX) – Chevron was consistent with quarterly earnings of 90 cents per share, with sales above Street projections. Chevron’s earnings were down 29% year over year, with weaker refining margins being one of the factors offsetting higher oil and gas prices. Its shares lost 2.2% in premarket trading.
Exxon Mobil (XOM) – Exxon reported quarterly earnings of 65 cents per share, 6 cents per share above estimates. Sales were also above forecasts. Exxon said it has reduced cash operating costs year over year and is anticipating additional cost savings.
Clorox (CLX) – The detergent maker’s shares slipped 4.1% in premarket trading after the company lowered its full-year forecast due to higher raw material and freight costs. Clorox beat estimates for the last quarter by 14 cents per share, with earnings of $ 1.62 per share. The turnover was below the forecasts of the analysts.
Newell Brands (NWL) – Newell shares rose 2.9% in the pre-market after beating estimates for the last quarter in both the upper and lower ranges and raising the guidance for the full year. The company, which stands behind consumer goods brands such as Sunbeam, Rubbermaid and Sharpie, saw strong sales growth across all businesses.
Restaurant brands (QSR) – The restaurant operator exceeded estimates by 5 cents per share with a quarterly profit of 55 cents per share. Sales were slightly above estimates. Comparable sales were better than expected at Tim Hortons and Popeyes and were in line with forecasts at Burger King. The shares gained 1.1% before the IPO.
Colgate-Palmolive (CL) – Shares in the household products maker gained 1.5% in the pre-market as its income statement was slightly above Street forecasts for the quarter. Despite difficult comparisons with last year, the company posted 6% revenue growth as consumers stocked up during the pandemic.
Amazon.com (AMZN) – Amazon reported record earnings for the fourth straight quarter. Earnings of $ 15.79 per share beat the consensus estimate of $ 9.54 per share. Revenue also beat forecasts, with Amazon showing strength across all of its businesses. The pandemic-triggered boom in online shopping is also not expected to subside once the crisis subsides. Amazon gained 2.4% in the pre-market.
Gilead Sciences (GILD) – Gilead trailed analysts’ forecasts by one cent with quarterly earnings of $ 2.08 per share. The drug manufacturer’s revenues also missed the estimates. Gilead was hit by weaker sales for its HIV and hepatitis C drugs, despite benefiting from sales of its Remdesivir-Covid-19 treatment. The share fell 2.7% in premarket trading.
Texas Roadhouse (TXRH) – Texas Roadhouse gained 3% in the pre-market after the restaurant chain topped and bottomed last quarter estimates. The company also announced that it would resume paying a dividend in June.