What to watch today: Stocks to drop, Big Tech and Big Oil earnings in focus

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

U.S. stock futures dropped despite Amazon's gain after reporting blowout quarterly results.

shares skidded 4.1% in premarket trading after the company cut its full-year forecast due to higher commodity and freight costs. Clorox beat estimates for its latest quarter by 14 cents a share, with profit of $1.62 per share. Revenue was below analysts' forecasts. shares rose 2.9% in the premarket after beating estimates on both the top and bottom lines for its latest quarter and raising its full-year forecast.

The company's shares tumbled 7.9% in premarket trading, however, after it gave an outlook that disappointed some investors. reported quarterly profit of $1.02 per share, compared to a consensus estimate of 68 cents a share. The disk drive and flash memory company's revenue also exceeded Street forecasts, with stronger memory chip prices among the positive factors for the quarter. Shares jumped 4.7% in premarket action.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines