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Amazon, Snap, Ford, Clorox and more


The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France.

Pascal Rossignol | Reuters

Check out the companies making headlines in midday trading.

Amazon — Shares of Amazon popped more than 14% following a stellar quarterly report. The company said its investment in electric vehicle company Rivian gained almost $12 billion in the fourth quarter. Amazon Web Services delivered almost 40% year-over-year growth in the fourth quarter, beating Wall Street estimates. Amazon also announced it would increase the price of Prime to $139 from $119 for annual memberships. The cost of a monthly Prime membership will also rise to $14.99 from $12.99.

Ford Motor — Ford fell more than 10% after a weaker-than-expected quarterly report. The automaker posted earnings of 26 cents per share on revenue of $35.3 billion. Analysts surveyed by Refinitiv expected a profit of 45 cents per share on revenue of $35.52 billion.

Snap — Shares of the social media platform soared a whopping 52% after the company reported its first-ever quarterly net profit. Snap’s quarterly results also showed it’s seeing quicker-than-expected progress on its transition with advertisers around Apple’s privacy changes on iOS. Its shares had just suffered a 23.6% sell-off on Thursday, prior to the earnings release.

Clorox — The cleaning products stock tumbled more than 14% after Clorox’s second-quarter earnings came in at 66 cents per share, which was 18 cents below expectations, according to Refinitiv. Clorox also delivered full-year earnings guidance that missed estimates. Atlantic Equities downgraded the stock to underweight.

Pinterest — Pinterest popped more than 6% following a better-than-expected quarterly report. The social media platform posted earnings of 49 cents per share, 4 cents above the Refinitv consensus estimate. Revenue also topped Wall Street expectations.

Unity Software – Shares of the video game platform surged more than 16% after the company reported better-than-expected quarterly results and issued upbeat current-quarter guidance. Unity also said it has strong growth opportunities over decades in the future based on interactive real-time 3D gaming.

Skechers — Shares of Skechers added 6.4% after the footwear retailer beat Wall Street expectations on its top and bottom lines. Skechers reported record 2021 sales amid strong demand for casual and comfortable shoes.

Meta Platforms — Shares of Facebook’s parent company fell for another day after the tech giant’s disappointing quarterly report Wednesday, down about 1.2%. Friday’s dip comes after other social media companies like Snap saw better-than-expected progress in adapting their digital advertising to Apple’s iOS privacy changes.

Penn National Gaming — Shares of Penn National Gaming dropped nearly 3% following the company’s earnings report Thursday. Penn also received a downgrade from Roth to neutral from buy. “While we remain bullish on PENN’s digital opportunity longer…


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