After-Hours Stock Movers:
DraftKings (NASDAQ:) 6% HIGHER; ESPN and DraftKings are said to be near a new large partnership, according to reports from Bloomberg.
Blue Apron Holdings Inc (NYSE:) 6% HIGHER; completed its previously announced at-the-market equity offering program under which it sold shares of its Class A common stock for aggregate gross proceeds to the company of approximately $15 million.
Levi (LEVI) 5% LOWER; reported Q3 EPS of $0.40, $0.03 better than the analyst estimate of $0.37. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.6 billion. Levi sees FY2022 EPS of $1.44-$1.49, versus the consensus of $1.54.
AMD (AMD) 4% LOWER; Third quarter revenue is expected to be approximately $5.6 billion, versus the consensus of $6.69 billion. Preliminary results reflect lower than expected Client segment revenue resulting from reduced processor shipments due to a weaker than expected PC market and significant inventory correction actions across the PC supply chain.
Intel Corporation (NASDAQ:) 3% LOWER; falls on AMD’s guidance cut.
NVIDIA Corporation (NASDAQ:) 3% LOWER; falls on AMD’s guidance cut.
Dell Technologies Inc. (NYSE:) 2% LOWER; falls on AMD’s guidance cut.
HP Inc. (NYSE:) 2% LOWER; falls on AMD’s guidance cut.