Roku, Amazon, First Solar, Intel, Apple & more

Roku, Amazon, First Solar, Intel, Apple & more

People walk past a video sign with the logo of Roku, a Fox-backed video streaming company that staged its IPO at the Nasdaq Marketsite in New York, September 28, 2017.

Brendan McDermid | Reuters

Find out which companies are making headlines Friday at noon.

Amazon – Shares of the e-commerce giant jumped more than 11%, giving the broader market a boost, after the company announced higher-than-expected revenue in the second quarter and issued an optimistic outlook. Revenue growth of 7% in the second quarter beat estimates, bucking the trend among its Big Tech peers.

Roku —Roku stocks fell 25% after the streaming company reports disappointing results for the second quarter, as it faces a slowdown in advertising. The company shared a disappointing guidance for the current quarter, noting that lower advertising spending and recession fears could continue to impact its business going forward.

Apple – Apple shares rose 3% after the company beat Wall Street profit and revenue forecasts, and CEO Tim Cook said he expects growth to accelerate despite the “pockets of sweetness”. Sales of its iPhone saw double-digit growth in new customers.

First Solar – First Solar shares jumped more than 10% after the company reported better-than-expected second-quarter earnings. Oppenheimer too improved stock to outperform from neutral Friday citing an agreement reached between Sen. Joe Manchin, DW.V. and Senate Majority Leader Chuck Schumer, DN.Y., on an invoice that includes climatic expenses.

Chevron, Exxon Mobil — Energy values ​​jumped on the back of record profits reported in their second quarter results, boosted by higher oil and gas prices. Chevron jumped 8.2% and Exxon Mobil added 4.3%.

Blooming brands – Shares jumped 2.6% after Bloomin’ Brands reported second-quarter earnings that beat analysts’ expectations. The restaurant company behind Outback Steakhouse and other brands earned 68 cents a share on revenue of $1.13 billion. Analysts had expected earnings of 61 cents per share on revenue of $1.1 billion, according to Refinitiv.

Stanley Black & Decker – Shares of the toolmaker fell 4% on Friday, building on a 16% loss on Thursday after a disappointing quarterly report and lower forecast. Wolfe Research downgraded the stock to peer performance from outperform, saying “negative news flow will likely dominate” through the end of this year.

Procter & Gamble — The consumer goods company released mixed results in the second quarter, sending the shares down 5%. Procter & Gamble also said it expects rising raw material costs to continue to be a challenge ahead.

Church and Dwight – Shares fell 8.4% after the consumer goods company behind Arm & Hammer reported a revenue loss in its latest quarter, citing stronger inflationary pressures.

Intel – Shares of the chipmaker fell 8.8% after a second quarter report released far below expectations. Intel reported adjusted earnings per share of 29 cents on $15.32 billion in revenue. Analysts polled by Refinitiv had forecast 70 cents of earnings per share on $17.92 billion in revenue. The third quarter forecast also fell short of expectations. Susquehanna downgraded the stock from neutral to negative, warning free cash flow could be “significantly depressed for at least the next few years.”

– CNBC’s Yun Li, Jesse Pound, Samantha Subin, Tanaya Macheel and Carmen Reinicke contributed reporting


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