“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.
Amazonbeating 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.
Alphabetmissed 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.
Starbucksfirst quarter. Starbucks reported an adjusted 75 cents in earnings per share and $8.71 billion in revenue. Analysts surveyed by Refinitiv were expecting 77 cents per share and $8.78 billion of revenue. The company reported a 2% decline in comparable transactions year over year, thanks in part to weakness in China.
Fordfourth-quarter earnings fell far short of expectations, despite better-than-expected revenue. CEO Jim Farley said the company “left about $2 billion in profits on the table” during the fiscal year.
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