Stocks moving in after-hours: Ford, Starbucks, AMD and more

Breaking News: Stocks moving, Ford, Starbucks, and AMD stocks soar after-hours

As the stock market continues to shift, it’s important to keep up with the latest earnings reports from top companies. In this article, we’ll dive into the most recent financial reports from Ford, Starbucks, Clorox, Match Group, Advanced Micro Devices, Yum China, and Caesars Entertainment, and explore what these reports mean for the future of each company.

Ford Motor: Topping Analysts’ Expectations but Reiterating Guidance
According to Refinitiv, F exceeded expectations on both the top and bottom lines. However, the automaker reiterated its prior full-year guidance of adjusted earnings between $9 billion and $11 billion, as well as about $6 billion in adjusted free cash flow. Despite the positive news, the auto stock declined about 2.3% in extended trading.

Starbucks: Exceeding Analysts’ Expectations but Shares Fall
Starbucks also beat analysts’ expectations on the top and bottom lines, reporting adjusted earnings of 74 cents per share, greater than the 65 cent per-share estimate, according to Refinitiv. The coffee chain reported $8.72 billion in revenue, topping the $8.4 billion forecast. However, Star bucks shares fell 2% in after-hours trading.

Clorox: Surpassing Analysts’ Expectations
Clorox gained 1% after topping analysts’ expectations on the top and bottom lines. The consumer products firm reported fiscal third-quarter adjusted earnings of $1.51 per share on revenue of $1.91 billion. Analysts polled by Refinitiv were expecting earnings of $1.22 per share on revenue of $1.82 billion.

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Match Group: Exceeding Expectations but Missing Revenue Estimates
Match Group shares rose by 1.5% after reporting first-quarter earnings that exceeded expectations, according to consensus estimates from Refinitiv. However, the online dating firm missed analysts’ revenue estimates.

Advanced Micro Devices: Weak Second-Quarter Revenue Guidance
Shares of Advanced Micro Devices fell nearly 5% after the company issued weaker-than-expected second-quarter revenue guidance. Despite this, the firm surpassed analysts’ expectations on the top and bottom lines, according to Refinitiv.

Yum China: Beating Analysts’ Expectations
Yum China added 3.6% after the China-based fast-food company beat analysts’ first-quarter earnings and revenue expectations. Yum China reported adjusted earnings of 69 cents per share on revenue of $2.92 billion. Analysts polled by Refinitiv expected per-share earnings of 46 cents on revenue of $2.77 billion.

Caesars Entertainment: Missing Analysts’ Earnings Expectations
Caesars Entertainment slid about 0.2% after missing analysts’ first-quarter earnings expectations. The casino giant posted a loss of 63 cents per share, far more than analysts’ forecast for a loss of 1 cent per share, according to Refinitiv. Despite the earnings miss, it reported revenue of $2.83 billion, beating the $2.76 billion forecast.

What Do These Reports Mean for the Future of These Companies?

Overall, it’s clear that the latest earnings reports from these companies were a mixed bag. While some companies like Ford and Clorox surpassed expectations, others like Star bucks and Caesars Entertainment missed analysts’ estimates.