“Chinese companies are getting pretty competitive for iPhone assemblers. China is doing quite well in pretty much everything, except semiconductors,” Kirk Yang, chairman and CEO of Kirkland Capital, told CNBC’s “Squawk Box Asia” Friday.
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Here are the notable stocks making moves after hours on Thursday, Feb. 2.
Apple — The consumer tech stock tumbled 4% in extended trading after the company reported weaker-than-expected results for its fiscal first quarter. The company reported $1.88 in earnings per share on $117.15 billion of revenue. Analysts surveyed by Refinitiv were expecting $1.94 in earnings per share and $121.10 billion of revenue. Sales were down 5% year over year.
Amazon — Shares of the e-commerce giant fell more than 3% in extended trading despite beating revenue estimates for the fourth quarter. Amazon reported $149.20 billion in revenue for the quarter, above the $145.42 billion expected, according to Refinitiv. The company reported just three cents in earnings per share. Amazon’s stock gained more than 7% during regular trading hours, and the midpoint of the company’s first-quarter revenue guidance was below expectations.
Alphabet — Alphabet dropped more than 5% in extended trading after the Google parent company missed expectations on the top and bottom lines for the fourth quarter, according to analyst estimates from Refinitiv. Revenues from YouTube advertising and its Google Cloud offering were both lower than analysts expected. Alphabet’s stock closed up by more than 7% in the previous trading session.
Qualcomm — Shares of the chipmaker dipped 1.5% in extended trading after Qualcomm reported $2.37 in adjusted earnings per share for its fiscal first quarter. That was three cents better than estimates, according to Refinitiv. However, Qualcomm’s adjusted revenue came in at $9.46 billion, below the expected $9.60 billion.
Starbucks — Shares fell about 1% after the coffee-shop chain missed expectations on…
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