Today's Pre-Market Stock Movers: AAPL, AMZN, GOOG, JWN and More
Gapping up
$Nordstrom(JWN.US$ +27% (The Wall Street Journal reported that activist investor Ryan Cohen is building a sizeable stake in the retailer. The report, which cites people familiar with the matter, also said Cohen will push for changes to Nordstrom’s board following a sharp stock price drop.)
$Clorox(CLX.US$ +3.55% (Clorox posted fiscal second quarter earnings of 98 cents per share, excluding items, on revenue of $1.72 billion. That compares to earnings of 65 cents per share on revenue of $1.66 billion estimated by analysts, according to Refinitiv.)
Gapping down
$Alphabet-C(GOOG.US$ -3% (Google-parent Alphabet missed analyst expectations in its latest earnings report. Alphabet earned $1.05 per share, lower than the expected earnings of $1.18 per share, according to consensus estimates from Refinitiv. It posted revenue of $76.05 billion, less than the forecasted $76.53 billion.)
$Apple(AAPL.US$ -2% (The company missed expectations for revenue, profit, and sales for many of its lines of business. Apple's overall sales for the holiday quarter fell 5% year over year, marking the company's first top-line decline since 2019.
$Amazon(AMZN.US$ -4% after (The e-commerce giant reported its fourth-quarter results. Although the company's quarterly sales beat analysts' estimates, current-quarter guidance came in somewhat light of expectations. The e-retailer estimates its first-quarter revenue to fall between $121 billion and $126 billion. Meanwhile, analysts were expecting sales to come in at $125.1 billion, according to Refinitiv.
$Ford Motor(F.US$ -6.5% (The company reported earnings that badly missed Wall Street's earnings expectations. The automaker reported adjusted earnings per share of 51 cents on $41.8 billion in revenue where analysts polled by Refinitiv expected adjusted earnings per share of 62 cents and $40.37 billion in revenue. The company also posted a net income that was down more than $1 billion on the year. )
$Starbucks(SBUX.US$ -2.10% (The company's earnings report fell short of expectations. Starbucks reported earnings per share of 75 cents compared to Refinitiv analysts' projections of 77 cents. Revenue also fell short of the $8.78 billion Refinitiv estimates, coming in at only $8.71 billion. Weakened international demand, particularly in its second-largest market China, weighed on the results.)
$Qualcomm(QCOM.US$ -3% (Qualcomm's revenue fell 12% year over year during the quarter. The company cited macroeconomic conditions and higher channel inventory as headwinds to its results.)
Source: CNBC
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