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Stocks making the biggest moves premarket: Snap, Intel, First Solar, Exxon Mobil & more - TL;DR CNBC

Stocks making the biggest moves premarket: Snap, Intel, First Solar, Exxon Mobil & more

Publishing timestamp: 2023-04-28 08:20:54


Summary

Several companies are making headlines in premarket trading due to their quarterly earnings reports. Capital One and Snap both disappointed with lower-than-expected earnings and revenue, causing their shares to drop significantly. Amazon's concerns over its cloud business overshadowed a revenue beat for the first quarter, while T-Mobile beat on earnings but missed on revenue and subscriber additions. Exxon Mobil and Chevron both beat earnings expectations, but Chevron's net profit in its oil and gas division dropped due to lower oil prices. Intel reported a net loss but beat Wall Street estimates, causing its shares to rise. First Solar and Alteryx both missed earnings estimates, with Alteryx announcing plans to lay off 11% of its staff. L3 Harris Technologies narrowly beat earnings estimates, while First Republic saw a lift in its shares on news of a potential rescue plan. Pinterest's first-quarter earnings and revenue beat expectations, but its shares tumbled after issuing disappointing guidance for the quarter ahead.


Sentiment: MIXED

Tickers: LHXINTCTMUSFRCCVXXOMFSLRCOFAMZNSNAPPINSAYX

Keywords: pinterest incfirst solar incbreaking news: marketseconomyl3harris technologies incfirst republic bankmarketsstock marketst-mobile us inccapital one financial corpamazon.com incalteryx incintel corpchevron corpmarket insiderexxon mobil corpsnap incbusiness newsbusiness

Source: https://www.cnbc.com/2023/04/28/stocks-making-the-biggest-moves-premarket-snap-intc-fslr-xom.html


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