Home research company Roku, Amazon, First Solar, Intel, Apple and more

Roku, Amazon, First Solar, Intel, Apple and more


People walk past a video sign with the logo of Roku, a Fox-backed video streaming company that staged its IPO at the Nasdaq Marketsite in New York, September 28, 2017.

Brendan McDermid | Reuters

Find out which companies are making headlines Friday at noon.

Amazon – Shares of the e-commerce giant jumped 10.4%, giving the broader market a boost, after the company reported better-than-expected second-quarter revenue and released an outlook optimists. Revenue growth of 7% in the second quarter beat estimates, bucking the trend among its Big Tech peers.

Roku – Shares of Roku fell 23.1% after the streaming company reported disappointing second-quarter results as it faces a slowdown in advertising. The company shared a disappointing guidance for the current quarter, noting that lower advertising spending and recession fears could continue to impact its business going forward.

Apple – Apple shares rose 3.3% after the company beat Wall Street earnings and revenue forecasts, and CEO Tim Cook said he expects growth to continue. is accelerating despite “pockets of sweetness”. Sales of its iPhone saw double-digit growth in new customers.

First Solar – Shares of First Solar jumped 12.1% after the company reported better-than-expected second-quarter earnings. Oppenheimer also upgraded the stock to outperform the neutral on Friday, citing a deal reached between Sen. Joe Manchin, DW.V. and Senate Majority Leader Chuck Schumer, DN.Y., on a bill that includes climate spending.

Chevron, Exxon Mobil – Energy stocks surged on record profits reported in their second-quarter results, boosted by higher oil and gas prices. Chevron jumped 8.9% and Exxon Mobil added 4.6%.

Bloomin’ Brands – Shares jumped 3.1% after Bloomin’ Brands reported second-quarter earnings that beat analysts’ expectations. The restaurant company behind Outback Steakhouse and other brands earned 68 cents a share on revenue of $1.13 billion. Analysts had expected earnings of 61 cents per share on revenue of $1.1 billion, according to Refinitiv.

Stanley Black & Decker – Shares of the tooling company fell 1.3% on Friday, building on a 16% loss on Thursday after a disappointing quarterly report and lower forecast. Wolfe Research downgraded the stock to peer performance from outperform, saying “negative news flow will likely dominate” through the end of this year.

Procter & Gamble – The consumer goods company posted mixed second-quarter results, sending its shares down 6.2%. Procter & Gamble also said it expects rising raw material costs to continue to be a challenge ahead.

Church & Dwight – Shares fell 8.6% after the household products company behind Arm & Hammer reported a revenue loss in its latest quarter, citing stronger inflationary pressures.

Intel – Shares of the chipmaker fell 8.6% after a second-quarter report fell well short of expectations. Intel reported adjusted earnings per share of 29 cents on $15.32 billion in revenue. Analysts polled by Refinitiv had forecast 70 cents of earnings per share on $17.92 billion in revenue. The third quarter forecast also fell short of expectations. Susquehanna downgraded the stock from neutral to negative, warning free cash flow could be “significantly depressed for at least the next few years.”

– CNBC’s Yun Li, Tanaya Macheel, Jesse Pound, Carmen Reinicke and Samantha Subin contributed reporting