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Amazon – Amazon jumped 7% in extended trading after reporting a first-quarter revenue beat. The online retail giant posted revenue of $127.4 billion, greater than the $124.5 billion consensus estimate published by Refinitiv.
Intel – Intel shares were down 1.2% after initially rising in the wake of its first-quarter results. The semiconductor firm reported its largest-ever quarterly loss. However, it did beat analysts' expectations on the top and bottom lines. The semiconductor firm posted a first-quarter loss of 4 cents per share ex-items on revenue of $11.7 billion. Analysts polled by Refinitiv forecasted a loss per share of 15 cents on revenue of $11.04 billion.
Snap – The social media stock tumbled nearly 20% in extended trading Thursday after the firm's first-quarter results. Snap reported first-quarter revenue of $989 million, lower than the estimated $1.01 billion, according to Refinitiv data. On the other hand, Snap earned 1 cent per share, excluding items, which was better than the forecasted per-share loss of 1 cent.
Pinterest – Pinterest shares dropped 8%. The image sharing firm surpassed expectations on the top and bottom lines in its first quarter, according to consensus estimates from Refinitiv. However, second-quarter revenue growth expectations were disappointing. The firm expects operating expenses to grow in the low teens.
Boston Beer – Boston Beer shares slid 3.2% in extended trading. The brewery behind Samuel Adams and Twisted Tea brands missed analysts' expectations on the top and bottom lines, according to Refinitiv data.
First Solar – The solar stock shed more than 5% on disappointing first-quarter results. The firm reported
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