Stock Price Movement of Charter Communications, Intel, and more Companies
The stock prices for Charter Communications have experienced a 7.1% dip in premarket trading. The telecommunications company experienced the dip after reporting its first-quarter earnings.
The executives at Charter Communications reported that for the first quarter, the adjusted EBITDA they generated was worth $5.21 per share. As per the analysts at FactSet, Charter Communications was expected to generate adjusted EBITDA earnings worth $5.26 per share.
Even the revenue Charter Communications has generated is less than the estimations made by the analysts at FactSet. According to the analysts, the revenue Charter Communications was expected to generate was worth $13.21 billion. However, Charter Communications executives reported that the actual revenue they generated was worth $13.20 billion.
The share prices for Intel have experienced a 6.9% dip in premarket trading. Intel experienced the dip after reporting its earnings that were weaker than the expectations that were set by the analysts. Even for the fiscal second quarter, Intel reported lower than expected guidance.
Colgate-Palmolive’s share prices experienced a 5.1% drop in premarket trading. The consumer products manufacturing giant experienced the dip even after sharing very high and promising earnings for the recent quarter.
For the respective quarter, Colgate-Palmolive reported that the earnings it generated were 74 cents per share. The company successfully met the earnings that were estimated by the Refinitiv analysts.
The revenue Colgate-Palmolive generated for the respective quarter was worth $4.4 billion. For the 2022 fiscal year, Colgate-Palmolive shared the gross profit margin estimation. Colgate-Palmolive reported that for the 2022 fiscal year, it mentioned it expects a decline in gross profit.
The share prices for Roku experienced a 1.3% surge in premarket trading. The share prices for Roku experienced a surge after sharing its earnings report. For the respective quarter, Roku reported that the earnings it generated were much stronger than the estimations made by the analysts.
According to the analysts, it was estimated that Roku would generate earnings worth $718.1 million. However, Roku executives reported that they successfully generated earnings worth $733.7 million for the respective quarter.
Despite reporting strong earnings for the respective quarter, Roku shared weaker guidance for revenue for the second quarter of 2022.
The share prices for Tesla have experienced a slight dip in the premarket trading. The electric vehicle manufacturing company experienced the dip after Elon Musk made an announcement in regards to selling his share in the company.
Elon Musk, who is the CEO of Tesla made an announcement that he has sold a portion of his Tesla stocks. According to reports, Musk proceeded with selling almost $8.4 billion worth of his stocks in Tesla.