Stocks making the biggest moves after the bell

Stocks making the biggest moves after the bell

Seatoday.com, Jakarta Intel— The stock traded more than 7% higher in post-market hours after the semiconductor chip manufacturer beat third-quarter earnings. Intel earned 41 cents per share, adjusted, on $14.16 billion in revenue, while analysts polled by LSEG had expected 22 cents per share in earnings and revenue at $13.53 billion.

Amazon— The e-commerce giant’s shares were roughly flat. Amazon issued fourth-quarter sales guidance ranging between $160 billion to $167 billion, while analysts polled by LSEG called for revenue of $166.6 billion. Amazon beat analysts’ forecasts on the top and bottom lines in the third quarter.

Chipotle Mexican Grill— The burrito chain gained more than 2% in extended trading on the back of earnings results that beat what Wall Street was expecting, based on a survey of analysts by LSEG. Adjusted earnings per share came in at $11.36 versus the $10.55 per share expected, while revenue fell in line with expectations at $2.47 billion.

Enphase Energy— The solar power stock plunged 17% after Enphase Energy issued weak guidance. The company anticipates fourth-quarter revenue will range between $300 million and $350 million, while the Street called for $584 million, per LSEG. Revenue for the third quarter fell short of analysts’ estimates, but adjusted earnings came in one cent ahead of what Wall Street expected.

Deckers Outdoor— The manufacturer of Ugg boots and Hoka sneakers rose 10% in after-hours trading. Deckers forecasted full-year earnings per share to range between $22.90 to $23.25 on revenue of $4.025 billion. Analysts polled by LSEG called for $22.64 in earnings per share and $4.015 billion in revenue. The company also beat Wall Street’s estimates on top and bottom lines in its fiscal second quarter.

Ford— Shares of the automaker tumbled more than 4% after Ford missed consensus third-quarter earnings expectations. Ford posted adjusted earnings of 39 cents per share on $41.18 billion of revenue, lower than the 45 cents per share on $41.22 billion of revenue analysts polled by LSEG were expecting.

Photo Source : cnbc.com

Article Source : cnbc.com