Check out the companies making headlines after the bell:
Shares of Amazon initially jumped 2% in extended trading Thursday before giving up those gains following the release of the e-commerce giant’s strong first-quarter earnings. Jeff Bezos’ company reported earnings per share of $7.09 on revenue of $59.70 billion. Wall Street expected earnings per share of $4.72 on revenue of $59.65 billion, according to analysts surveyed by Refinitiv.
Amazon is currently the third most valuable company in the world, behind Microsoft and Apple.
Ford shares surged as much as 8% after hours Thursday after posting better-than-expected first-quarter earnings. The Detroit automaker earned $37.24 billion in revenue, topping estimates of $37.08 billion per Refinitiv. Earnings per share were 44 cents, compared to the 27 cents forecast by analysts.
On an unadjusted basis, Ford’s profit slid 34% from the year earlier. However, the demand for its popular pickups and SUVs in North America helped offset losses in China and South America.
Shares of Intel dropped 8% after market close on Thursday after reporting strong first-quarter earnings but weak forward-looking guidance. The semiconductor company reported earnings of 89 cents per share, topping estimates of 87 cents per share. Revenue was $16.06 billion, higher than the forecast $16.02 billion, according to analysts surveyed by Refinitiv.
The company reported weak guidance compared with analyst estimates for the full year 2019. Intel expects revenue of $69.0 billion compared with estimates of $71.05 billion.
Starbucks shares popped about 2% in extended trading — then pared gains — following the release of the Seattle-based coffee chain’s mixed second-quarter earnings. Starbucks reported earnings per share of 60 cents on revenue of $6.31 billion. Wall Street expected earnings per share of 56 cents on revenue of $6.32 billion, according to Refinitiv.
Starbucks same-store sales grew 3%, compared with the 2.9% expected.
Shares of Mattel soared 10% after hours Thursday after posting better-than-expected first-quarter earnings. The toy-maker reported a loss of 44 cents per share, compared with the expected loss of 56 cents. Revenue was $689 million, topping Refinitiv consensus estimates of $645 million.
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