Roku, Amazon, First Solar, Intel, Apple & more

Check out the companies making headlines in midday trading Friday.

Amazon — Shares of the e-commerce giant jumped more than 11%, giving the broader market a boost, after the company reported better-than-expected second-quarter revenue and issued an optimistic outlook. Revenue growth of 7% in the second quarter topped estimates, bucking the trend among its Big Tech peers.

Roku — Roku shares plummeted 25% after the streaming company reported disappointing results for the second quarter, as it faces a slowdown in advertising. The company shared disappointing guidance for the current quarter, noting that dwindling ad spending and recessionary fears could continue to impact its business going forward.

Apple — Shares of Apple rose 3% after the company beat Wall Street profit and revenue forecasts, and CEO Tim Cook said he expects growth to accelerate despite “pockets of softness.” Sales of its iPhone saw double-digit growth in new customers.

First Solar — Shares of First Solar surged more than 10% after the company reported better-than-expected earnings for the second quarter. Oppenheimer also upgraded the stock to outperform from neutral on Friday citing a deal reached between Sen. Joe Manchin, D-W.V. and Senate Majority Leader Chuck Schumer, D-N.Y., on a bill that includes climate spending.

Chevron, Exxon Mobil — The energy stocks jumped on the back of record profits reported in their second-quarter earnings, boosted by higher oil and gas prices. Chevron jumped 8.2%, and Exxon Mobil added 4.3%.

Bloomin’ Brands — Shares jumped 2.6% after Bloomin’ Brands reported second-quarter earnings that beat analyst expectations. The restaurant company behind Outback Steakhouse and other brands earned 68 cents per share on revenue of $1.13 billion. Analysts expected a profit of 61 cents per share on revenue of $1.1 billion, according to Refinitiv.

Stanley Black & Decker — Shares of the toolmaker slid 4% on Friday, building on a 16% loss on Thursday that came after a disappointing quarterly report and guidance cut. Wolfe Research downgraded the stock to peer perform from outperform, saying that “negative news flow likely dominates” through the end of this year.

Procter & Gamble — The consumer goods company posted mixed second-quarter results, sending shares down 5%. Procter & Gamble also said expects rising commodity costs will continue to be a challenge ahead.

Church & Dwight — Shares dropped 8.4% after the consumer goods company behind Arm & Hammer reported a revenue miss in its most-recent quarter, citing greater inflationary pressures.

Intel — Shares of the chipmaker tumbled 8.8% after a second-quarter report that came in well short of expectations. Intel reported 29 cents in adjusted earnings per share on $15.32 billion of revenue. Analysts surveyed…