Check out the companies making headlines before the market opens. ExxonMobil — The energy giant reported stronger-than-expected second-quarter profits on record production in Guyana and the Permian Basin. Earnings per share were $2.14, beating LSEG’s forecast of $2.01 per share. The stock price rose slightly before the market opened. Intel — Shares plunged 20% after second-quarter profit and revenue fell short of expectations. The company also announced it would cut more than 15% of its workforce as part of a $10 billion cost-cutting plan. Snap — Shares of the parent company of Snapchat fell 17% on disappointing guidance. Snap expects third-quarter adjusted earnings to be between $70 million and $100 million, compared with StreetAccount’s forecast of $110 million. Cloudflare — Shares of Cloudflare rose 7% after the IT company raised its full-year forecast. The company expects full-year profits of 70 cents to 71 cents per share, up from a previously announced profit of 60 cents to 61 cents. Analysts polled by FactSet expected full-year earnings of 61 cents per share. Full-year revenue guidance was also higher than expected. Cloudflare also reported second-quarter adjusted profit and revenue. DoorDash — Shares of DoorDash rose 9% after the food delivery service reported second-quarter revenue of $2.63 billion, beating LSEG’s consensus estimate of $2.54 billion. DoorDash also raised guidance for total market order value in the third quarter. Amazon — The e-commerce stock fell more than 8% after quarterly results missed expectations. The company reported weaker-than-expected second-quarter revenue and forecast a disappointing third quarter. However, its cloud division’s revenue grew 19% in the second quarter, exceeding analysts’ expectations. Block — Shares of Block rose more than 3% after the financial technology company beat second-quarter profit estimates. Block reported adjusted earnings of 93 cents per share, beating the LSEG consensus estimate of 84 cents per share. Meanwhile, revenue of $6.16 billion fell short of analysts’ expectations of $6.28 billion. Clorox — Home furnishings stocks rose 1.7%. Clorox issued full-year fiscal profit guidance of $6.55 to $6.80 per share, above LSEG’s forecast of $6.45 per share. Adjusted earnings for the fiscal fourth quarter were $1.82 per share, compared with analysts’ previous forecast of $1.56 per share. Apple — Shares of the iPhone maker rose 0.3%. The company’s fiscal third-quarter revenue and profit beat analysts’ expectations. Apple reported earnings of $1.40 per share, while analysts polled by LSEG expected earnings of $1.35 per share. Revenue of $85.78 billion also exceeded Wall Street expectations. Twilio — Cloud communications stock rose 5% after Twilio beat quarterly forecasts for revenue and profit. The company reported second-quarter adjusted earnings of 87 cents per share on revenue of $1.08 billion. Analysts surveyed by London Stock Exchange Group (LSEG) had expected earnings of 70 cents per share on revenue of $1.06 billion. Coinbase — The cryptocurrency trader gained 1.3%. Second-quarter revenue was $1.45 billion, slightly above expectations of $1.4 billion, according to LSEG. Booking Holdings — Shares of the online travel company fell more than 5% despite better-than-expected second-quarter revenue and profit. Booking expects third-quarter adjusted EBITDA to be between $3.25 billion and $3.35 billion, compared with analysts’ previous forecast of $3.58 billion, according to FactSet. GoDaddy — Shares of GoDaddy rose about 7% after the website hosting company raised its full-year outlook. GoDaddy issued full-year revenue guidance of between $4.525 billion and $4.565 billion, while analysts polled by FactSet expected $4.53 billion. Coterra Energy — Shares of Coterra Energy fell 1.5% after reporting disappointing earnings results. The energy company reported second-quarter adjusted earnings of 37 cents per share, missing the FactSet consensus estimate of 39 cents per share. Roku — The streaming device company reported a second-quarter loss of 24 cents per share on Thursday, better than the 43 cents per share loss expected by analysts polled by LSEG, sending its shares up 2.3%. Revenue of $968 million beat the consensus estimate of $938 million. Atlassian — The software company’s stock plunged more than 12% after issuing weak guidance. Atlassian expects fiscal first-quarter revenue to be between $1.149 billion and $1.157 billion, compared with the $1.16 billion forecast by analysts surveyed by London Stock Exchange Group (LSEG). Full-year revenue growth was also lower than expected. Microchip Technology — Semiconductor stocks fell 7%. Fiscal first-quarter adjusted earnings beat analysts’ expectations, while revenue was in line. Meanwhile, second-quarter earnings per share are expected to be 40 cents to 46 cents, below the consensus estimate of 59 cents per share, according to FactSet. Management noted that the challenging macro backdrop resulted in longer inventory adjustments. —CNBC’s Sarah Min, Samantha Subin, Lisa Han and Michelle Fox contributed reporting
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