Nasdaq futures fall nearly 3% after hours as Intel plunges
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Nasdaq-100 futures (US100:IND) fell by nearly 3% late Thursday as Intel shares (NASDAQ:INTC) crashed and Amazon shares (NASDAQ:AMZN) fell after the release of the tech companies’ quarterly results.
Nasdaq-100 futures (US100:IND) slumped 2.8%, or more than 530 points, in after-hours action that included:
- Intel (INTC) tumbling -19% after the semiconductor maker issued disappointing Q3 guidance and its Q2 results missed expectations. Intel is also cutting jobs and suspending its dividend.
- Amazon (AMZN) losing -4.8% on mixed Q2 results.
- Snap (NYSE:SNAP) sliding -18% as Snapchat’s parent company guided to lower Q3 profitability. Q2 revenue of $1.24B missed Wall Street’s target.
- Atlassian (NASDAQ:TEAM): dropping -12% as the Australian business software firm’s quarterly and annual revenue guidance fell short of expectations.
But Apple (NASDAQ:AAPL) edged up 0.9% following a FQ3 beat on earnings and revenue.
Other advancers:
DoorDash (NASDAQ:DASH): jumps +14% as Q2 revenue and orders climb by double-digits.
Cloudflare (NYSE:NET): up +10% with the cloud connectivity company’s Q2 results and outlook surpassing estimates.
Roku (NASDAQ:ROKU): rises +5% after posting Q2 results above consensus estimates. The TV streaming services company also guided for in-line revenue for the current quarter.
Twilio (NYSE:TWLO): gains +6.7% as Q2 results, outlook top estimates on growing customer accounts.
The busy after-hours session followed a losing day session for the broader U.S. equity market (NDX) (COMP:IND) (SP500)(DJI) as soft-landing optimism for the U.S. economy dimmed.