Chevron Falls on 'Messy' Quarter Results, Riot Platforms Higher, Spirit Airlines Nears Shutdown

Today's biggest winners and losers in the stock market. On this episode of Stock Movers, we recap several earnings after the bell: Chevron (CVX) fell after it reported first-quarter results that analysts see as “messy” with large paper losses from commodity prices, but adjusted earnings per share that beat on downstream strength Riot Platforms (RIOT) shares rose as much as 12% to the highest price since January after it reported first-quarter total revenue that beat the average analyst estimate as Advanced Micro Devices expanded its data center lease with the company. Spirit Airlines (FLYQ) shares fell as the budget airline prepares to shutdown. President Donald Trump said he delivered a final proposal to rescue Spirit Aviation Holdings Inc. but would only proceed if it’s a good deal for the US government — comments that cloud the fate of any bailout as the low-budget carrier lays the groundwork to end operations. See omnystudio.com/listener for privacy information.