Kirk Yang, President and CEO of Kirkland Capital, told CNBC’s “Squawk Box Asia” on Friday: “Chinese companies are becoming quite competitive for iPhone assemblers. China is doing pretty well in almost everything, except semiconductors.”
CFOTO | Future Publishing | beautiful pictures
Here are the notable stocks with an after-hours move on Thursday, February 2.
Apple Consumer technology shares fell 4% in extended trading after the company reported worse-than-expected results for the first fiscal quarter. The company reported earnings per share of $1.88 on revenue of $117.15 billion. Analysts surveyed by Refinitiv had expected earnings per share of $1.94 and revenue of $121.10 billion. Sales down 5% year over year.
Amazon – The e-commerce giant’s shares fell more than 3% in extended trading though Exceeded sales estimates for the fourth quarter. Amazon reported $149.20 billion in revenue for the quarter, well above the $145.42 billion expected, according to Refinitiv. The company reported just three cents of earnings per share. Shares of Amazon rose more than 7% during regular trading hours, and the midpoint of the company’s first-quarter revenue guidance was below expectations.
Alphabet – Alphabet fell more than 5% in extended trading after parent company Google miss expectations top and bottom in the fourth quarter, according to analysts’ estimates from Refinitiv. Revenue from advertising on YouTube and its Google Cloud service were both lower than analysts expected. Shares of Alphabet were up more than 7% in the previous session.
Qualcomm The chipmaker’s shares fell 1.5% in extended trading after Qualcomm reported adjusted earnings per share of $2.37 for the first fiscal quarter. That number is three cents better than estimates, according to Refinitiv. However, Qualcomm’s adjusted revenue came in at $9.46 billion, lower than the $9.60 billion expected.
Starbucks — Shares fell about 1% after the coffee shop chain fell short of its fiscal year earnings per share and revenue expectations first quarter. Starbucks reported adjusted earnings per share of 75 cents and revenue of $8.71 billion. Analysts surveyed by Refinitiv had expected 77 cents per share and $8.78 billion in revenue. The company reported a 2% decline in year-to-date comparable deals, thanks in part to weakness in China.
Ford – Shares of the automaker fell 6% in extended trading following fourth quarter earnings fell short of expectations, despite better-than-expected sales. CEO Jim Farley said the company “left about $2 billion in profit on the table” during the financial year.
Atlassian — Shares of Atlassian fell 12% after hours when the software company posted a loss for its latest quarter. On a GAAP basis, Atlassian reported an operating loss of $99.2 million for the quarter, compared with operating income of $23 million in the previous quarter. Revenue for the fiscal second quarter came in at $873 million versus analyst estimates of $850 million, according to Refinitiv.
Skechers – Shares of the shoe company fell more than 2% in extended trading after Skechers issued soft guidance on earnings and revenue for the first quarter, as well as weak guidance for the full year. Skechers posted fourth-quarter earnings of 48 cents per share on revenue of $1.88 billion. Analysts call for earnings of 37 cents per share on revenue of $1.77 billion, according to Refinitiv.
Circus logic – Shares of the semiconductor supplier fell 7% in extended trading after the company issued a weak forecast for fiscal fourth-quarter revenue compared with analysts’ estimates, according to Refinitiv. However, the company beat Street expectations, posting earnings of $2.4 per share, excluding items, on revenue of $591 million.
Gilead Science — Shares of the pharmaceutical company jumped 4% after the bell rang for a better-than-expected fourth-quarter report. According to analysts polled by Refinitiv, Gilead easily beat estimates for adjusted earnings, per share, and revenue. The company also announced a 2.7% dividend increase.
clorox – The cleaning products maker saw its stock rise 4% in after-hours trading. The company beat Wall Street expectations for its fiscal second quarter, posting earnings of 98 cents per share, excluding items, on revenue of $1.72 billion. That compared with earnings of 65 cents per share on revenue of $1.66 billion estimated by analysts, according to Refinitiv.
— Alex Harring, Darla Mercado and Christina Cheddar-Berk of CNBC contributed to this report.
