Here’s a look at the companies making headlines in midday trading: Chevron – The oil giant’s second-quarter profit fell short of Wall Street expectations, sending its shares down more than 3%. Chevron reported adjusted earnings of $2.55 per share on revenue of $51.18 billion. Analysts polled by London Stock Exchange Group (LSEG) forecast earnings of $2.93 per share on revenue of $50.8 billion. Intel – The chipmaker’s stock price fell more than 27% and was on track for its worst single-day performance ever after lower-than-expected guidance and significant layoffs. Intel said it would lay off 15,000 employees and would not pay a fourth-quarter dividend. Amazon — Shares of Amazon fell 9% after the e-commerce company reported a disappointing third-quarter outlook. The company now expects fourth-quarter revenue of $154 billion to $158.5 billion, while analysts polled by LSEG expected $158.24 billion. Apple — Shares of the technology giant rose nearly 3%, one of the few stocks to gain in Friday’s selloff, after the company reported third-quarter earnings that beat Wall Street expectations. Apple’s overall revenue increased by 5% year-on-year, and iPhone, iPad and service sales exceeded analysts’ expectations. Snap — Shares of the parent company of Snapchat fell 26% on weaker-than-expected third-quarter guidance. Snap now expects adjusted earnings of between $70 million and $100 million, while analysts polled by LSEG forecast $110 million. Cloudflare — Shares rose about 7% after the IT company raised its full-year forecast. Cloudflare now expects full-year adjusted earnings per share to be between 70 cents and 71 cents, up from its previous range of 60 cents to 61 cents per share. DoorDash — Shares of DoorDash rose nearly 8% after the food delivery company’s second-quarter revenue topped Wall Street estimates. DoorDash reported revenue of $2.63 billion, while analysts polled by LSEG forecast $2.54 billion. Clorox — Shares rose 7%. The home products and cleaning company raised its forecast after its fiscal fourth-quarter profit beat estimates. Clorox now expects full-year adjusted earnings in a range of $6.55 to $6.80 a share, while analysts polled by LSEG expected earnings of $6.45 a share. Twilio — The cloud communications company’s second-quarter results beat analysts’ revenue and profit estimates, sending its shares up 10%. Twilio reported adjusted earnings of 87 cents per share on revenue of $1.08 billion, while analysts polled by LSEG expected earnings of 70 cents per share on revenue of $1.06 billion. GoDaddy — Shares of GoDaddy rose 6% after the company raised its full-year forecast. The web hosting company now expects full-year revenue between $4.525 billion and $4.565 billion, while analysts polled by FactSet forecast $4.53 billion. Coterra Energy – Shares of Coterra Energy fell more than 3% after the company’s second-quarter profit fell short of analysts’ expectations. Coterra reported adjusted earnings of 37 cents per share, while analysts polled by FactSet expected earnings of 39 cents per share. Roku — Even though Roku’s second-quarter results beat expectations, its stock price fell nearly 2%. The streaming device company reported a quarterly loss of 24 cents per share, beating analysts’ expectations of a loss of 43 cents per share, according to LSEG. Revenue of $968 million beat consensus estimates of $938 million. Atlassian — The software company’s shares fell more than 17% after disappointing forward guidance. Atlassian currently forecasts fiscal first-quarter revenue of $1.149 billion to $1.157 billion, while analysts surveyed by LSEG had expected $1.16 billion. Microchip Technology — Shares of the chipmaker fell 8.9%. Fiscal first-quarter adjusted earnings beat analysts’ expectations, while revenue was in line. Profit and revenue guidance for the quarter fell short of Wall Street expectations, according to FactSet. Management noted that the challenging macro backdrop resulted in longer inventory adjustments. —CNBC’s Hakyung Kim, Sarah Min and Yun Li contributed reporting.
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