Amazon.com Inc (NASDAQ:AMZN) shares moved up 4% in Thursday’s after-hours session after the e-commerce giant reported better-than-expected financial results for its third quarter of 2023, with a notable beat on the bottom line.
The company’s 3Q earnings per share (EPS) came in at $0.94, a more than three-fold increase from a year earlier and much better than the $0.58 analyst consensus estimate.
Intel Corporation (NASDAQ:INTC) stock jumped more than 8% after its third-quarter earnings topped Street expectations.
The company posted adjusted earnings of $0.41 per share, well ahead of the $0.22 per share projected by analysts. Revenue was $14.16 billion, down 8% year over year and compared to Street expectations of $13.53 billion.
Ford Motor Company (NYSE:F) shares slid more than 4%, as the automaker’s third-quarter results made clear the impact of the United Auto Workers (UAW) strike — a day after the two sides reached a tentative agreement.
Ford reported adjusted earnings of $0.39 per share on revenue of $41.18 billion, missing Street expectations of $0.45 per share on revenue of $41.22 billion.
Chipotle Mexican Grill (NYSE:CMG) shares jumped 2.6% as the quick-service Mexican restaurant chain posted an earnings beat for the third quarter.
For the three months ended September 30, it reported earnings per share (EPS) of $11.36, up 19.5% from the same period in 2022. This topped Wall Street estimates of $10.46. Revenue grew 11.3% year over year to $2.5 billion, topping analysts’ forecast of $2.47 billion.