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: LHX, INTC, TMUS, FRC, CVX, XOM, FSLR, COF, AMZN, SNAP, PINS, AYX,
Keywords: pinterest inc, first solar inc, breaking news: markets, economy, l3harris technologies inc, first republic bank, markets, stock markets, t-mobile us inc, capital one financial corp, amazon.com inc, alteryx inc, intel corp, chevron corp, market insider, exxon mobil corp, snap inc, business news, business,
Source: https://www.cnbc.com/2023/04/28/stocks-making-the-biggest-moves-premarket-snap-intc-fslr-xom.html