Premarket Movers: Robinhood, Amazon, Apple, Roku, and more


CFO Luca Maestri warned that supply chain concerns might reduce third-quarter sales by much to $8 billion, sending Apple’s shares down 2%. After the business’s last earnings release, several Wall Street analysts remained optimistic about the company. According to one expert, each drop in the stock’s price represents a purchasing opportunity.

Brendan McDermid | Reuters

In the wake of the company’s second-quarter sales projection, Amazon’s stock fell more than 9%. Rivian, the company that the IT giant invested in, lost more than half its value in the quarter, resulting in a $7.6 billion loss for the company.

It’s called Roku. Stock in Roku jumped over 4% after the digital media player maker reported sales that exceeded expectations in its most recent quarter on Thursday. Roku Roku earned $733.7 million in sales. There were expectations of $718 million, according to Refinitiv’s poll of analysts.


Following Intel’s fiscal second-quarter forecast, shares slid more than 3%, despite the company reporting better-than-expected results for the prior quarter.

With revenue and monthly active users on the decline in the first quarter, retail stockbroker Robinhood saw its share price fall by about ten percent. A drop in the stock market resulted in clients with lesser balances trading less, according to CEO Vlad Tenev.

Alibaba, Pinduoduo, and Baidu are just a few of the well-known names in the technology sector. When regulators in China hinted that they were going to ease up on tech businesses, Chinese technology stocks rose. Pinduoduo rose 15%, Baidu increased by more than 8%, and Alibaba increased by more than 10%.


the pharmaceutical company Bristol-Myers Squibb, Inc. The biopharmaceutical company’s shares fell 1.5% despite a strong earnings report. It was announced on Friday that Bristol-Myers Squibb earned $1.96 per share on $11.65 billion in sales. According to Refinitiv, the business was expected to earn $1.91 per share on sales of $11.36 billion.

Incorporated by Honeywell — Honeywell’s stock rose 2% after the company posted profits that above analysts’ estimates. Earnings per share were $1.91, with sales of $8.38 billion. Analysts at Refinitiv predicted $1.86 profits per share on $8.29 billion in sales.

In the case of Chevron — Even though Chevron reported better-than-expected profits for the prior quarter, the company’s shares fell 1%. Chevron earned $3.36 per share on $54.37 billion in sales. On sales of $47.94 billion, analysts surveyed by Refinitiv expected $3.27 EPS per share.


Exxon Mobil – The oil and gas corporation revealed weaker-than-expected quarterly earnings, causing a 1% drop in its stock price. Per-share profits of $2.07 were below than Refinitiv’s expectations of $2.12. Refinitiv had expected Exxon Mobil’s sales to be $92.7 billion, but the company actually brought in $90.5 billion.

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