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Snap, Amazon, Ford and more

admin by admin
February 4, 2022
in Market
Reading Time: 2 mins read
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Snap, Amazon, Ford and more
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The Amazon brand displayed on a smartphone and a PC display screen.

Pavlo Gonchar | LightRocket through Getty Pictures

Take a look at the businesses making headlines after the bell: 

Amazon — Shares of Amazon popped greater than 18% after hours following a powerful quarterly report. The corporate reported its funding in electrical car firm Rivian gained virtually $12 billion within the fourth quarter. Amazon additionally introduced it could improve the worth of Prime by almost 17%. Amazon Internet Companies additionally delivered virtually 40% year-over-year progress within the fourth quarter, beating Wall Road estimates.

Ford Motor — Ford fell 3.9% in prolonged buying and selling after a weaker-than-expected quarterly report. The automaker posted earnings of 26 cents per share on income of $35.3 billion. Analysts had been on the lookout for a revenue of 45 cents per share on income of $35.52 billion, in response to Refinitv.

Snap — Snap shares rocketed greater than 54% in after-hours buying and selling after the social media firm reported its first-ever quarterly web revenue. The corporate posted adjusted revenue of twenty-two cents per share in contrast with the Refinitiv consensus of 10 cents per share.

Pinterest — Pinterest jumped 27.7% after hours following a better-than-expected quarterly report. The social media platform posted earnings of 49 cents per share, 4 cents above the Refinitv consensus estimate. Income additionally topped expectations on the Road.

Clorox — Shares of Clorox dropped 8.4% after an earnings miss. The buyer merchandise firm posted a revenue of 66 cents per share, versus the Refinitiv consensus of 18 cents per share. Clorox additionally issued fiscal 12 months earnings-per-share outlook beneath estimates.

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