Amazon, Intel, Ford, Chipotle Mexican Grill, Capital One, Dexcom, Deckers Outdoor, and Enphase Energy were among the companies that made headlines after the bell.
Amazon’s shares remained relatively flat as the e-commerce giant issued fourth-quarter sales guidance ranging between $160 billion to $167 billion. This exceeded analysts’ predictions of $166.6 billion. Amazon had also surpassed analysts’ forecasts on the top and bottom lines in the third quarter.
On the other hand, Intel experienced a notable 7% increase in stock value during post-market hours. The semiconductor chip manufacturer beat third-quarter earnings expectations, earning 41 cents per share on $14.16 billion in revenue. Analysts had predicted 22 cents per share in earnings and revenue of $13.53 billion.
In contrast, Ford encountered a decline of over 4% in its shares after falling short of consensus third-quarter earnings expectations. The automaker posted adjusted earnings of 39 cents per share on $41.18 billion of revenue, lower than the anticipated 45 cents per share on $41.22 billion of revenue.
However, Chipotle Mexican Grill saw a positive gain of over 2% in extended trading due to better-than-expected third-quarter earnings. Adjusted earnings per share reached $11.36, surpassing the expected $10.55 per share, while revenue aligned with expectations at $2.47 billion.
Financial services firm Capital One experienced a 4% surge in extended trading following better-than-expected third-quarter results. Earnings per share reached $4.45, exceeding the anticipated $3.24 per share, and net interest income amounted to $9.37 billion, beating the $7.28 billion consensus.
Dexcom, a manufacturer of medical devices for diabetics, made significant progress with shares gaining nearly 15% after beating earnings expectations for the third quarter. The company posted 50 cents in adjusted earnings per share and $975 million in revenue, surpassing the anticipated 34 cents per share and $939.6 million in revenue.
Deckers Outdoor, known for its Ugg boots and Hoka sneakers, saw a 10% rise in after-hours trading. The company forecasted full-year earnings per share to range between $22.90 and $23.25 on revenue of $4.025 billion, surpassing analysts’ expectations of $22.64 in earnings per share and $4.015 billion in revenue. Deckers Outdoor also exceeded Wall Street’s estimates on top and bottom lines in its fiscal second quarter.
In contrast, Enphase Energy, a solar power company, experienced a 17% plunge in stock value after issuing weak guidance. The company projected fourth-quarter revenue between $300 million and $350 million, greatly lower than the Street’s forecast of $584 million. Although third-quarter revenue fell short of analysts’ estimates, adjusted earnings slightly exceeded Wall Street’s expectations by one cent.
These developments in the stock market after-hours were reported by CNBC, with additional reporting by Darla Mercado.
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