Amazon, Roku, Intel and more

Take a look at some of the biggest drivers of Primarkt: (AMZN) – Amazon shares rose 12.5% ​​in pre-market trading after posting better-than-expected quarterly revenue and issuing an optimistic outlook. Amazon posted a total quarterly loss, largely due to the negative impact of $3.9 billion from its investment in electric vehicle maker Rivian (RIVN).

Roku (ROKU) – Roku stock fell 23.2% in pre-market trading after it reported a larger-than-expected quarterly loss and its earnings also missed estimates. Roku also released weaker-than-expected guidelines as ad sales and video streaming device sales remain under pressure.

Intel (INTC) — Intel shares fell 11.2 percent in pre-market activity after the chip maker’s earnings and quarterly revenue fell short of Wall Street expectations. Its revenue decline from last year was its biggest decline in more than a decade, and guidance for the current quarter has fallen short of expectations. Intel said supply chain issues and delays in rolling out new data center chips were among the factors affecting the results.

Chevron (CVX) — Chevron surged 3.6% in premarket trading after outperforming its highest and lowest earnings estimates for the fourth quarter, and increased the upper limit of its share buyback guidance to $15 billion from $10 billion previously.

Procter & Gamble (PG) – Procter & Gamble lost estimates by a penny per share, with a quarterly profit of $1.21 per share. Revenue exceeded expectations. Shares fell 3.6% in the pre-market as the consumer products giant expects organic sales to grow 3% to 5% for the current fiscal year, the slowest since 2019 as consumers become more cautious.

ExxonMobil (XOM) – ExxonMobil added 2% in pre-market activity after the company reported a better-than-expected profit in the second quarter. As with rival Chevron, Exxon has benefited from higher oil and natural gas prices as well as strong profit margins.

Apple (AAPL) – Apple gained 2.3% in the primary market, after reporting quarterly earnings and revenue that beat Wall Street expectations. Profits are down from a year ago, but Apple has seen iPhone sales continue to grow.

Newell Brands (NWL) – The company behind consumer brands like Sunbeam and Mr. Coffee and Crockpot reported better-than-expected earnings for the fourth quarter of their business. However, its shares fell 2.9% in the primary market, after it issued weaker-than-expected guidance for the current quarter and full year, amid a weak macroeconomic environment.

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