Movers: Amazon.com, Apple, Chevron, ExxonMobil, Intel, Deckers Outdoor

Scott Peters
28 Oct, 2022
New York City

Amazon.com, Inc plunged 20.4% to $88.20 after the online retailer guided weak fourth quarter outlook. 

Third quarter revenue increased 15% to $127.1 billion from $110.8 billion and North America segment sales increased 20% to $78.8 billion. 

Net income in the quarter decreased to $2.9 billion or 28 cents from $3.2 billion or 31 cents a diluted share. 

Amazon guided fourth quarter sales between $140.0 billion and $148.0 billion, an increase between 2% and 8% from a year ago. 

This guidance anticipates an unfavorable impact of approximately 460 basis points from foreign exchange rates. 

Apple Inc declined 1.1% to $143.81 after the computing and telecom devices maker reported fiscal fourth quarter results ending on September 24. 

Revenue in the quarter rose 8% to $90.1 billion from $84.4 billion a year ago. 

Net income in the quarter rose to $20.7 billion from $20.5 billion and diluted earnings per share increased to $1.28 to $1.24 a year ago. 

Sales in the Americas rose to $39.8 billion from $36.8 billion and Greater China rose to $15.5 billion from $14.6 billion a year ago. 

iPhone sales jumped to $42.6 billion from $38.9 billion a year ago. 

Apple declared a cash dividend of 23 cents a share payable on November 10, 2022 to shareholders of record as of the close of business on November 7, 2022.

Chevron Corp gained 2.1% to $181.65 after the energy explorer and refiner said quarterly earnings nearly doubled. 

Revenue in the quarter jumped to $66.6 billion from $44.7 billion a year ago. 

Net income in the third quarter nearly doubled to $11.2 billion from $6.1 billion and diluted earnings per share jumped to $5.78 from $3.19 a year ago. 

Deckers Outdoor Corp dropped 6.1% to $359.03 after the footwear maker reported earnings ahead of expectations and reaffirmed its full-year outlook. 

Revenue in the fiscal second quarter ending in September increased 21.3% to $875.6 million compared to $721.9 million. 

Net sales on a constant currency basis jumped 24.8%.

Domestic net sales increased 20.0% to $617.7 million from $514.6 million and International net sales advanced 24.4% to $257.9 million from $207.3 million a year ago. 

Net income in the period declined to $101.5 million from $102.0 million and diluted earnings per share fell to $3.80 from $3.66 a year ago. 

The company forecasted revenue in full-year fiscal 2023 ending in March between $3.45 billion and $3.50 billion and diluted earnings per share between $17.50 and $18.35. 

DexCom, Inc jumped 8.7% to $110.06 after the continuous glucose monitoring system reported better-than-expected quarterly results. 

Third quarter total revenue increased 18% from a year ago to $769.6 million and revenue in the U.S. rose 17% and international jumped 22%. 

Net income increased to $101.2 million or 24 cents from  $87.3 million or $0.21 per diluted share a year ago. 

The company guided 2022 revenue between $2.88 billion and $2.91 billion, an increase between 18% and 19% from a year ago. 

Exxon Mobil Corp jumped 2.2% to $109.90 after the energy company reported a surge in revenue and profit.

Total revenue in the third quarter jumped to $112.1 billion from $73.8 billion a year ago. 

Net income in the period advanced to $20.2 billion from $6.94 billion and diluted earnings per share shot up four-fold to $4.68 from $1.57 a year ago.   

The company declared a fourth quarter dividend of 91 cents a share payable to shareholders on record on December 9th. 

Intel Corp jumped 7.3% to $28.12 after the semiconductor chipmaker posted better-than-expected quarterly results but the company lowered its full-year sales outlook. 

Revenue in the third quarter declined 20% to $15.3 billion from $19.2 billion a year ago. 

Net income in the quarter plunged 85% to $1.0 billion from $6.8 billion and diluted earnings per share dropped to 25 cents from $1.67 a year ago. 

The company lowered its full-year 2022 revenue outlook between $63 billion and $64 billion from the previous range between $65 billion and $68 billion. 

The company also took a $664 million restructuring charge in the quarter and said it plans to aggressively cut operating costs. 

Mastercard Inc declined 0.3% to $318.16 after the payment processing company reported third quarter results. 

Third quarter revenue increased 15.0% to $5.8 billion from $5.0 billion a year ago. 

Net income increased 4% to $2.5 billion from $2.4 billion and diluted earnings per share rose to $2.58 from $2.44 a year ago. 

Gross dollar volume increased 11% on a local currency basis to $2.1 trillion and cross-border volume growth jumped 44%.

Mastercard repurchased 4.7 million shares at a cost of $1.6 billion and  paid $474 million in dividends, in the third quarter. 

Quarter-to-date through October 24, the company repurchased 1.7 million  shares at a cost of $505 million and $5.1 billion is available under the approved stock repurchase  programs.