Stocks making the biggest moves after hours: Apple, Reddit, Amazon, First Solar and more
Check out the companies making headlines in after-hours trading. Apple — Shares of the megacap tech giant rose 1%. The company said sales of its iPhones grew 13% year over year and overall revenue grew 10%, marking Apple’s largest quarterly revenue growth since December 2021. Apple reported $94.04 billion in revenue for its third quarter, higher than the $89.53 billion expected by analysts, according to LSEG. Earnings came in at $1.57 per share, also topping the consensus expectation of $1.43 per share. Clorox — Shares of the consumer products maker jumped 1% on the back of strong financial results. Clorox reported adjusted earnings of $2.87 per share on $1.99 billion in revenue, while analysts polled by LSEG called for earnings of $2.21 per share on $1.94 billion in revenue. Amazon – Shares of the e-commerce giant fell more than 3% after the company issued a disappointing forecast . For the current quarter, Amazon said it anticipates operating income to range from $15.5 billion to $20.5 billion. Analysts polled by StreetAccount sought $19.48 billion. First Solar — First Solar shares gained more than 4% after the photovoltaic solar technology and manufacturing company beat on top and bottom lines. The company, which has struggled this year due to tariff-related threats , reported earnings of $3.18 per share, higher than the $2.65 per share expected from analysts polled by LSEG. First Solar’s quarterly revenue of $1.1 billion also came out above the $1.03 billion forecast. Stryker — The medical device maker slumped 5% postmarket Thursday after second-quarter profit and revenue failed to meet the Street’s highest estimates and Stryker estimated a $175 million hit from higher tariffs on goods from China and Europe. Monolithic Power — The maker of integrated power products for semiconductors rallied 6% after the close Thursday. Second-quarter profit and revenue topped analysts’ estimates, while third-quarter sales guidance of $710 million to $730 million was far above the Street’s highest forecast, according FactSet’s StreetAccount service. Reddit — Shares of the social platform operator jumped 14%. Reddit reported second-quarter earnings of 45 cents on revenue of $500 million, while analysts polled by LSEG expected 19 cents per share and $426 million, respectively. Third-quarter guidance calls for $535 million to $545 million in revenue, trouncing the Street’s estimates of $473.3 million, per FactSet. Coinbase — The crypto trading platform saw shares tumble more than 6%. Second-quarter revenue missed analysts’ estimates, landing at $1.50 billion versus the LSEG consensus of $1.60 billion. Retail trading volume came in at $43 billion, falling short of the $48.05 billion estimate from analysts polled by StreetAccount. — CNBC’s Darla Mercado and Scott Schnipper contributed reporting.
