Last Updated on April 28, 2023 by Bitfinsider
Snap — Shares fell 18.2% after the company’s first-quarter revenue missed Wall Street’s forecasts. According to Refinitiv data, Snap’s revenue decreased 6% from the prior year to $989 million, while analysts had predicted $1.01 billion.
Amazon — Amazon fell 2.4% on Friday morning after the e-commerce titan cited future cloud business concerns. This overshadowed first-quarter revenue growth.
T-Mobile — Following the release of quarterly results, the telecommunications company’s stock fell roughly 2% on Friday morning. The company’s adjusted earnings per share of $1.58 exceeded the StreetAccount forecast of $1.52. However, T-Mobile missed revenue and monthly subscriber addition projections.
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