After-hours movers: Amazon surges on Q1 beat, Snap sinks on guidance concerns
After-Hours Stock Movers:
Cloudflare (NYSE: NET) 22% LOWER; reported Q1 EPS of $0.08, $0.05 better than the analyst estimate of $0.03. Revenue for the quarter came in at $290.2 million versus the consensus estimate of $290.8 million. Cloudflare sees Q2 2023 EPS of $0.07-$0.08, versus the consensus of $0.03. Cloudflare sees Q2 2023 revenue of $305-306 million, versus the consensus of $319 million. Cloudflare sees FY2023 EPS of $0.34-$0.35, versus the consensus of $0.16. Cloudflare sees FY2023 revenue of $1.28-1.284 million, versus the consensus of $1.33 million.
Snap (NYSE: SNAP) 19% LOWER; reported Q1 EPS of $0.01, $0.24 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $988.6 million versus the consensus estimate of $1.01 billion.
SNAP not providing formal guidance for revenue or adjusted EBITDA for the second quarter of 2023.
Amazon (NASDAQ: AMZN) 8% HIGHER; reported Q1 EPS of $0.31, $0.10 better than the analyst estimate of $0.21. Revenue for the quarter came in at $127.4 billion versus the consensus estimate of $124.55 billion.
Amazon sees Q2 2023 revenue of $127-133 billion, versus the consensus of $129.8 billion.
First Solar (NASDAQ: FSLR) 6% LOWER; reported Q1 EPS of $0.40, $0.61 worse than the analyst estimate of $1.01. Revenue for the quarter came in at $548 million versus the consensus estimate of $716.79 million. First Solar sees FY2023 revenue of $3.4-3.6 million, versus the consensus of $3.21 million.
Capital One Financial (NYSE: COF) 3% LOWER; reported Q1 EPS of $2.31, $1.56 worse than the analyst estimate of $3.87. Revenue for the quarter came in at $8.9 billion versus the consensus estimate of $9.06 billion.
Mondelez (NASDAQ: MDLZ) 2% HIGHER; reported Q1 EPS of $0.89, $0.09 better than the analyst estimate of $0.80. Revenue for the quarter came in at $9.17 billion versus the consensus estimate of $8.44 billion. Raises its outlook.
Amgen (NASDAQ: AMGN) 2% LOWER; reported Q1 EPS of $3.98, $0.16 better than the analyst estimate of $3.82. Revenue for the quarter came in at $6.1 billion versus the consensus estimate of $6.12 billion. Amgen sees Q2 2023 EPS of $17.60-$18.70, versus the consensus of $17.72. Amgen sees Q2 2023 revenue of $26.2-27.3 billion, versus the consensus of $26.7 billion.
Intel (NASDAQ: INTC) 2% HIGHER; reported Q1 EPS of ($0.04), $0.12 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $11.7 billion versus the consensus estimate of $11.04 billion. Intel sees Q2 2023 EPS of ($0.04), versus the consensus of $0.01. Intel sees Q2 2023 revenue of $11.5-12.5 billion, versus the consensus of $11.75 billion. Said it gained market share in Q1.
