Stocks making the biggest moves premarket: Snap, Intel, First Solar, Exxon Mobil & more
Check out the companies making headlines in premarket trading.
Capital One — Shares were down 3.3% after disappointing quarterly earnings. The company earned an adjusted $2.31 per share, well below a StreetAccount forecast of $3.75 per share. Capital One executives cited difficulty with lending throughout the quarter.
Snap — Shares tumbled 18.2% after the company's first-quarter revenue fell short of Wall Street's expectations. Snap's revenue fell 6% from the prior year to $989 million, whereas analysts had expected $1.01 billion, according to Refinitiv data.
Amazon — Amazon dipped 2.4% Friday morning after the e-commerce giant cited concerns over its cloud business going forward. That overshadowed a revenue beat for the first quarter.
T-Mobile — The telecommunications company were down about 2% Friday morning after reporting quarterly results. The company beat on adjusted earnings per share with $1.58 against a StreetAccount estimated $1.52. However, T-Mobile missed estimates on revenue and monthly subscriber additions.
Exxon Mobil — Shares added 1% in the premarket after the oil giant reported a record first-quarter profit. Exxon Mobil's adjusted earnings per share came in at $2.83, topping analysts' estimates of $2.59, per Refinitiv. Its revenue of $86.56 billion also beat the $85.41 billion expected.
Chevron — Shares of Chevron dipped slightly in the premarket despite a first-quarter earnings beat. The oil major's adjusted earnings per share was $3.55 versus the $3.41 expected by analysts polled by Refinitiv. Revenue also beat, but net profit in Chevron's oil and gas division dropped 25% on the drop in oil prices.
Intel — Shares of the chipmaker rose 6% in premarket trading despite Intel reporting a net loss of
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