HomeNewsMarket highlights: Here is what triggered movement in these five stocks

Market highlights: Here is what triggered movement in these five stocks

Ruchi Gupta
  • Ford and Nokia shares dip after Q4 earnings miss
  • Amazon more than doubled Q4 earnings
  • Snaps offer upbeat Q1 2022 guidance as Merck tops Q4 2021 results

Ford reports sales of $37.7 billion in Q4 2021

Ford Motor Co. (NYSE: F) shares were down 6% after hours on Thursday after the motor vehicle manufacturer announced Q4 2021 results that were shy of Wall Street projections. The company had earnings of $12.3 billion or $3.03 per share. On an adjusted basis, the company posted EPS of $0.26.

The company had sales of $37.7 billion, representing a YoY increase of 5%. FactSet polled analysts had predicted adjusted earnings of $0.45 per share in the revenue of $41.2 billion.

Amazon more than doubled YoY Q4 2o21 earnings

Amazon.com Inc. (NASDAQ: AMZN) shares were up 18% in extended trading after announcing Q4 2021 profit that topped Street projections despite the company experiencing labor shortages and supply constraints during the holiday season.

The eCommerce giant doubled its YoY earnings per share from $11.73 to $27.75. Amazon reported a quarterly profit of $14.3 billion, with $11.8 billion realized from its investment in Rivian Automotive. Despite slowing online sales, sales were up almost 10% YoY to $137.4 billion. As a result, analysts expected the company to post EPS of $3.61 on sales of $137.68 billion.

Snap jumps after issuing upbeat Q1 2022 outlook

Snap Inc. (NYSE: SNAP) jumped 50% after hours after announcing results that beat estimates and offered an upbeat outlook for Q1 2022. The company had a net income of $22.6 million or $0.01 per share. A year ago, the company had a loss of $113.1 million or $0.08 per share.

The photo-sharing platform saw revenue of $1.3 billion representing a YoY revenue of 42%. Analysts had predicted adjusted EPS of $0.1 on revenue of $1.2 billion.

Nokia missed Q4 2021 earnings estimates

Nokia Corp (NYSE: NOK) opened almost 3% down as sales came shy of estimates. However, the company had a better than the anticipated net profit of €727 million compared to €787 million a year ago. Sales were 5% down at €6.41 billion. Analysts had predicted a net profit of €636 million on revenue of €6.51 billion.

Despite continued supply constraints, the company offered upbeat guidance on improved margins and a solid order backlog for this year.

Merck tops Q4 2021 earnings estimates

Merck & Co Inc. (NYSE: MRK) shares dropped almost 2% on Thursday even though the company reported Q4 revenue and profit topping Wall Street estimates.

The company had a net income of $3.82 billion or $1.51 per share and $1.8 per share on an adjusted basis. Revenue was $13.52 billion, up YoY 24%. Analysts had expected earnings of $1.53 per share on revenue of $13.156 billion.