Amazon, Apple, Starbucks & more

Amazon, Apple, Starbucks & more

Try the businesses making headlines after the bell

Amazon — Shares of the e-commerce big dropped more than 4% in prolonged buying and selling on Thursday after a disappointing quarterly earnings report. Amazon posted an EPS of $6.12 for the third quarter, badly lacking the $8.92 estimate per Refinitiv. The corporate additionally issued disappointing steerage for the crucial vacation interval.

Starbucks — The espresso chain noticed its shares falling over 2% in after-hours buying and selling after a quarterly income miss. Starbucks posted quarterly income of $8.1 billion within the third quarter, falling wanting a Refinitiv expectation of $8.21 billion as Covid-19 resurgences in China weakened gross sales.

Apple — The tech big’s inventory dropped more than 4% in prolonged buying and selling after the corporate’s income fell wanting Wall Road expectations in its fiscal fourth quarter, which CEO Tim Prepare dinner attributed to larger-than-expected provide constraints. Its earnings per share matched Road’s estimates.

United States Metal — Shares of the metal producer jumped more than 6% after the corporate introduced a $300 million inventory repurchase program. United States Metal additionally elevated its quarterly dividend to $0.05 per share.

Gilead Sciences — The biotech inventory fell about 2% in prolonged buying and selling even after the corporate better-than-expected third-quarter earnings. Gilead reported adjusted quarterly earnings of $2.65 per share, beating Wall Road estimates of $1.75 per share, in accordance with Refinitiv. The sturdy demand for its Covid-19 antiviral therapy, Veklury, offset lowering gross sales of its HIV medication, the corporate stated.

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