Amazon, Apple And 3 Stocks To Watch Heading Into Friday

With U.S. stock futures trading mostly higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:

With U.S. stock futures trading mostly higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:

Wall Street expects Exxon Mobil Corporation (NYSE:XOM) to report quarterly earnings at $2.21 per share on revenue of $85.23 billion before the opening bell, according to data from Benzinga Pro. Exxon Mobil shares rose 0.7% to $103.13 in after-hours trading.

Apple, Inc. (NASDAQ:AAPL) reported better-than-expected earnings and revenue for its first quarter. The iPhone maker reported first-quarter earnings per share of $2.18 and revenue of $119.6 billion, thanks to record Services revenue and iPhone revenue. However, the company reported a revenue decline in China. Apple shares fell 2.9% to $181.45 in the after-hours trading session.

Analysts are expecting Bristol-Myers Squibb Company (NYSE:BMY) to earn $1.53 per share on revenue of $11.19 billion for the latest quarter. The company will release earnings before the markets open. Bristol-Myers Squibb shares rose 0.4% to $48.88 in after-hours trading.

Check out our premarket coverage here

Amazon.com, Inc. (NASDAQ:AMZN) posted stronger-than-expected results for its fourth quarter. The company said it sees first-quarter revenue to be between $138 billion and $143.5 billion versus estimates of $142.13 billion. Operating income is expected to be between $8 billion and $12 billion in the first quarter. Amazon shares surged 7.1% to $170.60 in the after-hours trading session.

Meta Platforms, Inc. (NASDAQ:META) reported upbeat fourth-quarter financial results and initiated a quarterly dividend of 50 cents per share. The company also announced a $50 billion increase to its share repurchase authorization. Meta shares jumped 15.2% to $454.81 in after-hours trading.

 

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Cronos Cannabis Co. Will Provide $51M To GrowCo Toward Facility Expansion Fund

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) announced on Thursday an expansion of Cronos Growing Company, a cannabis cultivation business that the Toronto-based company owns 50% of.The investment will be funded by a roughly $51 million (CA$70 million) secured non-revolving credit facility provided by Cronos. It will assist GrowCo's expansion of its purpose-built cannabis facility in Leamington, Ontario, that will produce high-quality cannabis flower, the company said in a press release., Under the four-year supply deal between Cronos and GrowCo and prior to the first sale of products from the newly constructed area, Cronos will have the option to buy roughly 80% of GrowCo's production. Once first sales from the newly constructed area occur, Cronos will have the option to purchase 70% of all GrowCo's supplies on an annual basis.

CRON