Robinhood, Amazon, Apple, Roku and more

Vlad Tenev, CEO and co-founder of Robinhood Markets, Inc., is pictured on screen during his company’s IPO at the Nasdaq Market in Times Square in New York, USA on July 29, 2021.
Brendan McDermid | Reuters
See which companies made the headlines in premarket Friday.
Apple – Apple’s share price fell 2% after CFO Luca Maestri said supply chain issues would hurt third-quarter sales by $8 billion. However, many Wall Street analysts remained positive about the company after its recent earnings report, which beat all expectations. One analyst said that any weakness in a stock is a buying opportunity.
Amazon – Shares fell more than 9% after Amazon released weaker-than-expected earnings guidance for the second quarter. The tech giant also posted a $7.6 billion loss on its investment in Rivian, which lost more than half its value in the quarter.
Roku – Shares of Roku rose more than 4% after the digital media player maker on Thursday reported sales that beat expectations in the latest quarter. Roku’s revenue was $733.7 million. Analysts polled by Refinitiv were expecting $718 million.
Intel – Shares fell more than 3% after Intel released weak guidance for its fiscal second quarter, eclipsing stronger-than-expected earnings from the previous quarter.
Robinhood – Retail brokerage stocks fell nearly 10% after a first-quarter report that showed a decline in revenue and monthly active users. CEO Vlad Tenev said the company saw its clients with smaller accounts trade less when the market fell.
Alibaba, Pinduoduo, Baidu – Chinese tech stocks rose after politicians in the country signaled an easing of crackdowns on tech companies. Alibaba is up over 10%, Pinduoduo is up 15% and Baidu is up over 8%.
Bristol-Myers Squibb – Shares of the biopharmaceutical company fell 1.5% despite a better-than-expected earnings report. On Friday, Bristol-Myers Squibb said it earned $1.96 per share on $11.65 billion in revenue. Refinitiv forecasts the company will earn $1.91 per share on revenue of $11.36 billion.
Honeywell International – Shares jumped 2% after Honeywell reported better-than-expected earnings. Honeywell reported earnings of $1.91 per share on revenue of $8.38 billion. Meanwhile, analysts polled by Refinitiv had forecast earnings of $1.86 per share on revenue of $8.29 billion.
Chevron – Shares fell 1% even after Chevron posted better-than-expected results for the previous quarter. Chevron reported earnings per share of $3.36 per share on revenue of $54.37 billion. Analysts polled by Refinitiv expected earnings of $3.27 per share on revenue of $47.94 billion.
Exxon Mobil – Exxon Mobil’s share price fell 1% after the oil and gas company reported weaker-than-expected quarterly results. The energy company earned $2.07 per share, below Refinitiv’s estimate of $2.12 per share. Exxon Mobil reported $90.5 billion in revenue, compared to Refinitiv’s forecast of $92.7 billion.
– Hannah Miao and Jesse Pound of CNBC provided reporting.
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