Apple — Apple’s stock fell 2% after CFO Luca Maestri said supply chain issues could cost the company up to $8 billion in third-quarter sales. Despite this, many Wall Street analysts remained bullish on the company following its recent earnings report, which exceeded expectations. According to one analyst, any weakness in the stock is a buying opportunity.
Amazon — Shares fell more than 9% after the company announced lower-than-expected revenue guidance for the second quarter. The tech behemoth also reported a $7.6 billion loss on its investment in Rivian, which lost more than half its value in the third quarter.
— Roku — Roku shares jumped more than 4% after the digital media player maker reported sales that exceeded expectations in its most recent quarter on Thursday. Roku earned $733.7 million in revenue. Refinitiv polled analysts predicted $718 million.
Intel — Shares fell more than 3% after Intel issued weak guidance for its fiscal second quarter, overshadowing earnings that were higher than expected in the previous quarter.
Robinhood — The retail brokerage stock fell nearly 10% after a first-quarter report revealed declining revenue and monthly active users. When the market fell, the company’s customers with smaller accounts, according to CEO Vlad Tenev, traded less.
Alibaba, Pinduoduo, and Baidu — Chinese technology stocks soared after the country’s policymakers signaled a relaxation of the crackdown on tech firms. Alibaba increased by more than 10%, Pinduoduo increased by 15%, and Baidu increased by more than 8%.
Bristol-Myers Squibb (BMYS) — Despite an earnings report that exceeded expectations, the biopharmaceutical stock fell 1.5 percent. Bristol-Myers Squibb reported earnings of $1.96 per share on $11.65 billion in revenue on Friday. According to Refinitiv, the company was expected to earn $1.91 per share on $11.36 billion in revenue.
International Honeywell — Honeywell’s stock rose 2% after the company reported earnings that exceeded expectations. Honeywell earned $1.91 per share on $8.38 billion in revenue. Meanwhile, Refinitiv polled analysts predicted $1.86 earnings per share on $8.29 billion in revenue.
CHEVROLET — Even though Chevron reported better-than-expected results for the previous quarter, shares fell 1%. Chevron reported earnings per share of $3.36 on $54.37 billion in revenue. Refinitiv polled analysts predicted $3.27 earnings per share on $47.94 billion in revenue.
Exxon Mobil — The stock price of Exxon Mobil fell 1% after the oil and gas company reported weaker-than-expected quarterly results. The energy company earned $2.07 per share, which was less than Refinitiv’s estimate of $2.12 per share. Exxon Mobil reported $90.5 billion in revenue, compared to a Refinitiv forecast of $92.7 billion.