Here are the companies making headlines in after-hours trading:

 

Apple — Shares of the iPhone producer fell nearly 2%, despite exceeding analysts' expectations for both revenue and earnings. Apple reported third-quarter earnings of $1.40 per share, compared to the $1.35 per share projected by analysts polled by LSEG. Revenue reached $85.78 billion, surpassing Wall Street estimates.

 

Intel — The semiconductor company saw a 17% decline in its stock. Intel announced it would suspend its dividend in the fourth quarter and plans to lay off 15% of its workforce. This news came alongside worse-than-expected quarterly results and a disappointing forecast for the current quarter.

 

Amazon — The e-commerce giant's shares dropped 5% in extended trading. Amazon reported lower-than-expected revenue for the second quarter and issued a subpar forecast for the third quarter. However, revenue in its cloud division rose 19% in the second quarter, surpassing analysts' expectations.

 

DoorDash — Shares surged nearly 14% after the online food ordering company reported better-than-expected revenue for the second quarter. DoorDash posted $2.63 billion in revenue, beating the $2.54 billion estimated by LSEG analysts. Management also raised its marketplace gross order value forecast for the third quarter.

 

Coinbase — The crypto exchange operator saw a nearly 5% rise in shares during after-hours trading. The company posted second-quarter revenue of $1.45 billion, which was slightly above the $1.40 billion expected, according to LSEG.

 

Block — The fintech company's shares climbed over 7% following better-than-expected adjusted earnings in the second quarter. Block reported adjusted earnings of 93 cents per share, exceeding the 84 cents per share predicted by analysts surveyed by LSEG. However, revenue of $6.16 billion fell short of the $6.28 billion estimated by analysts.

 

Snap — The parent company of the instant messaging app plummeted 17%. Snap forecasted third-quarter adjusted earnings to be between $70 million and $100 million, not meeting the $110 million estimate from analysts polled by StreetAccount. The latest quarter's revenue also fell short of Wall Street's predictions.

 

Roku — Shares rose over 5% after Roku posted better-than-expected second-quarter results. The streaming device company reported a narrower-than-expected loss of 24 cents per share, compared to the loss of 43 cents per share anticipated by LSEG analysts. Revenue of $968 million exceeded the $938 million consensus estimate.

 

Clorox — The stock advanced 4%. Clorox issued full-year earnings guidance ranging between $6.55 and $6.80 per share, surpassing the $6.45 per share estimate by LSEG analysts. The fiscal fourth-quarter adjusted earnings were $1.82 per share, exceeding the consensus estimate of $1.56 per share.

 

Coterra Energy — Shares fell 1.8% after posting disappointing earnings results. Coterra reported adjusted second-quarter earnings of 37 cents per share, below the 39 cents per share expected by FactSet analysts.

 

GoDaddy — Shares jumped 6% after the web hosting company raised its full-year revenue guidance to between $4.525 billion and $4.565 billion. This was in line with the $4.53 billion expected by FactSet analysts.