Stocks making the biggest moves premarket: Robinhood, Amazon, Apple, Roku and more
Apple’s stock price dipped 2% after CFO Luca Maestri said supply chain issues would hurt third-quarter sales by as much as $8 billion.
Still, many analysts on Wall Street remained positive on the company after its recent earnings report that topped expectations.
Shares dropped more than 9% after Amazon disclosed weaker-than-expected revenue guidance for the second quarter.
The tech giant also posted a $7.6 billion loss on its investment into Rivian, which lost more than half its value in the quarter.
Shares of Roku popped more than 4% after the digital media player manufacturer on Thursday reported sales that exceeded expectations in its recent quarter.
Roku posted a revenue of $733.7 million. Analysts polled by Refinitiv were expecting $718 million.
Shares fell more than 3% after Intel issued weak guidance for its fiscal second quarter, overshadowing stronger-than-expected earnings for the previous quarter.
Chicago Bears should go get one of these players on Day 2