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Novavax, a clinical-stage biotechnology company shares soared over 80% Monday after NVAX received a $384 million investment for its COVID-19 vaccine candidate and beat Wall Street earnings expectations for first quarter earnings.
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Sporting apparel maker Under Armour reported worse than expected first quarter earnings as the Covid forced closures wrecked sales.$UAA shares fell over 10% pre-market. Under Armour competes with Nike, Adidas and Lululemon.
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Etsy reported worse than expected first-quarter earnings after the market Wednesday that beat on revenue but missed on earnings. $ETSY stock was hit in a volatile session over 12% from after market highs after they retracted guidance and gross margins fell.
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Communications-s software company Twilio reported better than expected first-quarter earnings after the market Wednesday that sent the stock soaring over 40% $TWLO is benefitting from the stay at home economy, distributed contact centers and telehealth.
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Independent energy company Apache Corp reported a massive loss of $4.48 billion for first quarter earnings after the close Wednesday. $APA followed major oil shale players $XOM, $CVX, $OXY and $FANG in reporting.
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Occidental Petroleum reported a lower loss than expected Q1 loss Tuesday, However $OXY. as the biggest Permian Basin producer after the $38 billion Anadarko aquisition is living on a knife edge with the oil price collapse. ExxonMobil , Chevron and Diamondback reported a much sounder position.
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Texas independent oil and natural gas company Diamondback Energy reported better than expected first quarter earnings after the market close Monday. $FANG said it will cut oil production further due to the demand collapse from the Covid-19 lockdown.
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Chevron reported first quarter results Friday along with fellow oil major ExxonMobil. $CVX announced a 36% jump in earnings with the inclusion of a gain associated with the sale of upstream assets in the Philippines. However top-line fell 11%.with the economic shutdown.
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Oil giant ExxonMobil reported better than expected first quarter earnings Friday. However plunging oil demand and collapsing prices saw a nearly $3 billion inventory writedown and $XOM's first quarterly loss in 32 years. Rival Chevron also reported. There are no plans to cut the dividend.
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Advanced Micro Devices reported Q1 earnings after the close Tuesday on target after AMD has benefited from the Covid-19 work from home demand for loud computing data centers and increased PC sales but did not give a target for earnings per share sending the stock lower.
