Twitter, Skyworks Solutions, Western Digital & more

Check out some of the largest moving companies on the pre-market:

Twitter (TWTR) – Twitter stock fell 12.4% in premarket trading after warning of rising costs and a possible slowdown in user growth. Twitter beat estimates for the last quarter by 2 cents per share, with earnings of 16 cents per share. Sales were also slightly above estimates.

Skyworks Solutions (SWKS) – Skyworks beat estimates by 2 cents per share and posted earnings of $ 2.37 per share for the quarter. The manufacturer of semiconductor components was also able to exceed its sales forecasts. However, the company’s shares fell 7.9% in premarket trading after giving an outlook that disappointed some investors.

Western Digital (WDC) – Western Digital reported quarterly earnings of $ 1.02 per share, compared to a consensus estimate of 68 cents per share. The company’s hard drive and flash memory sales also beat Street’s forecasts, with higher memory chip prices among the positive drivers for the quarter. Shares rose 4.7% prior to going public.

Chevron (CVX) – Chevron was consistent with quarterly earnings of 90 cents per share, with sales above Street projections. Chevron’s earnings were down 29% year over year, with weaker refining margins being one of the factors offsetting higher oil and gas prices. Its shares lost 2.2% in premarket trading.

Exxon Mobil (XOM) – Exxon reported quarterly earnings of 65 cents per share, 6 cents per share above estimates. Sales were also above forecasts. Exxon said it has reduced cash operating costs year over year and is anticipating additional cost savings.

Clorox (CLX) – The detergent manufacturer’s shares slipped 4.1% in premarket trading after the company lowered its full-year forecast due to higher raw material and freight costs. Clorox beat estimates for the last quarter by 14 cents per share, with earnings of $ 1.62 per share. The turnover was below the forecasts of the analysts.

Newell Brands (NWL) – Newell stock rose 2.9% in the pre-market after beating last quarter estimates in both the upper and lower ranges and raising its guidance for the full year. The company, which stands behind consumer goods brands such as Sunbeam, Rubbermaid and Sharpie, saw strong sales growth across all businesses.

Restaurant Brands (QSR) – The restaurant operator beat estimates by 5 cents per share on quarterly earnings of 55 cents per share. Sales were slightly above estimates. Comparable sales were better than expected at Tim Hortons and Popeyes and were in line with forecasts at Burger King. The shares gained 1.1% before the IPO.

Colgate-Palmolive (CL) – The shares of the manufacturer of household products gained 1.5% in the pre-market as the income statement for the last quarter was slightly above the street forecasts. Despite difficult comparisons with last year, the company posted 6% revenue growth as consumers stocked up during the pandemic. (AMZN) – Amazon reported record earnings for the fourth straight quarter. Earnings of $ 15.79 per share beat the consensus estimate of $ 9.54 per share. Revenue also beat forecasts, with Amazon showing strength across all of its businesses. The pandemic-triggered boom in online shopping is also not expected to subside once the crisis subsides. Amazon gained 2.4% in the pre-market.

Gilead Sciences (GILD) – Gilead underperformed analysts’ forecasts by one cent with quarterly earnings of $ 2.08 per share. The drug manufacturer’s revenues also missed the estimates. Gilead was hit by weaker sales for its HIV and hepatitis C drugs, despite benefiting from sales of its Remdesivir-Covid-19 treatment. The share fell 2.7% in premarket trading.

Texas Roadhouse (TXRH) – Texas Roadhouse gained 3% in the pre-market after the restaurant chain topped and bottomed last quarter estimates. The company also announced that it would resume paying a dividend in June.

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