See the companies making headlines in midday trading: Chevron — Shares of the oil major fell more than 3% after its second-quarter earnings missed Wall Street estimates. Chevron reported adjusted earnings of $2.55 per share on revenue of $51.18 billion. Analysts polled by LSEG forecast earnings of $2.93 per share on revenue of $50.8 billion. Intel — The chipmaker fell more than 27% and is on track for its worst day ever after weaker-than-expected guidance and massive layoffs. Intel said it would cut 15,000 jobs and also not pay a dividend for its fiscal fourth quarter. Amazon — Shares of the e-commerce company fell 9% after Amazon reported disappointing third-quarter outlook. The company now expects revenue of $154 billion to $158.5 billion for the fourth quarter, while analysts polled by LSEG expected $158.24 billion. Apple — Shares of the tech giant rose nearly 3%, one of the few stocks to rise amid Friday’s sell-off, after the company reported third-quarter financial results that beat Wall Street expectations. Apple’s total revenue rose 5% year-over-year, with iPhone, iPad and Services sales all topping analysts’ expectations. Snap — Shares of Snapchat’s parent company fell 26% on weaker-than-expected third-quarter guidance. Snap now expects adjusted earnings of $70 million to $100 million, while analysts polled by LSEG forecast $110 million. Cloudflare — Shares rose about 7% after the IT company raised its full-year guidance. Cloudflare now expects full-year adjusted earnings of 70 cents to 71 cents per share, up from its previous range of 60 cents to 61 cents per share. DoorDash — Shares of the food delivery stock jumped nearly 8% after the company’s second-quarter revenue beat Wall Street estimates. DoorDash reported revenue of $2.63 billion, compared with a forecast of $2.54 billion from analysts polled by LSEG. Clorox — Shares rose 7%. The household and cleaning products company raised its guidance after beating its fiscal fourth-quarter earnings. Clorox now expects full-year adjusted earnings of $6.55 to $6.80 per share, while analysts polled by LSEG expected $6.45 per share. Twilio — The cloud communications company jumped 10% after its second-quarter results beat analysts’ estimates on top and bottom lines. Twilio reported adjusted earnings of 87 cents per share on $1.08 billion in revenue, while analysts polled by LSEG expected 70 cents per share on $1.06 billion in revenue. GoDaddy — Shares rose 6% after the company raised its full-year outlook. The web hosting company now expects full-year revenue of $4.525 billion to $4.565 billion, compared with the $4.53 billion forecast from analysts polled by FactSet. Coterra Energy — Shares fell more than 3% after the company’s second-quarter earnings results missed analysts’ estimates. Coterra reported adjusted earnings of 37 cents per share, while analysts surveyed by FactSet were looking for 39 cents per share. Roku — Shares fell nearly 2% even after Roku’s second-quarter results beat expectations. The streaming device company posted a quarterly loss of 24 cents per share, better than analysts’ estimated loss of 43 cents per share, according to LSEG. Revenue of $968 million exceeded the consensus estimate of $938 million. Atlassian — The software company fell more than 17% after providing disappointing guidance. Atlassian now forecasts fiscal first-quarter revenue of $1.149 billion to $1.157 billion, while analysts polled by LSEG expected $1.16 billion. Microchip Technology — Shares of the chipmaker fell 8.9%. Adjusted earnings for the fiscal first quarter beat analysts’ estimates, while revenue was in line with forecasts. Current-quarter earnings and revenue guidance fell short of Wall Street expectations, according to FactSet. Management cited a challenging macroeconomic backdrop that led to extended inventory adjustment periods. — CNBC’s Hakyung Kim, Sarah Min and Yun Li contributed reporting.
