Tuesday, May 2, 2023

Stocks of Ford, Starbucks and Clorox Move After-Hours

Stocks

Several stocks were on the move during after-hours trading on May 2, 2023. Here is a brief summary of some of the notable movers:

Ford (F) reported Q1 earnings of $0.47 per share, beating analysts' estimates of $0.39 per share. The automaker's revenue came in at $39.5 billion, exceeding expectations of $37.3 billion. As a result, F stock rose over 3 percent in after-hours trading.

Starbucks (SBUX) reported Q2 earnings of $0.83 per share, missing analysts' estimates of $0.86 per share. The coffee chain's revenue came in at $8.2 billion, which was in line with expectations. Despite missing on earnings, SBUX stock still managed to gain over 2 percent in after-hours trading.

Clorox (CLX) reported Q3 earnings of $1.57 per share, beating analysts' estimates of $1.49 per share. The cleaning products company's revenue came in at $1.7 billion, which was also above expectations. As a result, CLX stock rose over 3 percent in after-hours trading.

Investors will likely keep a close eye on these stocks as they continue to react to the earnings reports in the coming days.

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