Try the businesses making headlines in early morning buying and selling.
Enphase Vitality — Shares of the photo voltaic microinverter maker jumped more than 8% throughout premarket buying and selling following the corporate’s first-quarter outcomes. Enphase reported report income, and exceeded analyst expectations on the each the highest and backside line. The corporate stated Europe will likely be a key progress space trying ahead as Russia’s invasion of Ukraine sends energy costs hovering.
Juniper Networks — The maker of networking expertise noticed its shares decline 6.1% after reporting first quarter earnings that got here in barely decrease than analysts’ estimates. Administration stated on the corporate earnings name that ongoing provide chain challenges have resulted in prolonged lead occasions and elevated logistics and part prices.
Edwards Lifesciences — The unreal coronary heart valve maker’s shares fell 3.6% regardless of reporting a income beat for the primary quarter, as the corporate issued weak income steerage for the present quarter.
Visa — Visa’s inventory surged 5.5% premarket following a beat on the highest and backside traces within the earlier quarter, because it anticipates journey restoration will convey continued progress. The funds agency reported adjusted earnings per share of $1.79 on revenues of $7.19 billion. Analysts anticipated $1.65 adjusted earnings per share and $6.83 billion in income, in line with Refinitiv.
Texas Devices — Shares of Texas Devices fell 2.9% after the tech firm issued weak earnings and income steerage for the present quarter and stated it expects lowered demand from Covid restrictions in China.
Boeing — The plane maker’s shares slipped by 1.3% after the corporate recorded weaker-than-expected earnings and income for the newest quarter. Boeing additionally stated it is pausing manufacturing of its 777X aircraft and would not count on deliveries to start out till 2025.
Harley-Davidson — Shares of the bike maker shed 1.4% after the corporate reported earnings for the earlier quarter that had been in step with analysts’ estimates, at $1.45 per share, in line with Refinitiv. It is quarterly income additionally barely missed estimates, at $1.30 billion versus $1.31 billion.
Robinhood — The retail brokerage’s shares fell 4.5% in early buying and selling after the corporate reported it can lower about 9% of its employees, citing “duplicate roles and job functions” after its enlargement final yr. Robinhood reported 3,800 full-time workers as of Dec. 31.
Alphabet — Shares of Google’s mum or dad firm dipped 3.5% throughout premarket buying and selling after reporting a miss on the highest and backside traces within the first quarte and weak income from YouTube. Alphabet reported earnings per share of $24.62 per share on revenues of $68.01 billion. Analysts anticipated earnings of $25.91 on revenues of $68.11 billion, in line with Refinitiv.
Microsoft — Shares of Microsoft rose 4% premarket following a beat on the highest and backside traces within the earlier quarter and shared robust steerage for the present quarter. Income steerage for all three of the corporate’s enterprise segments within the present quarter topped analysts’ expectations.
Capital One — Capital One shares misplaced 5.4% in early buying and selling regardless of the corporate beating earnings and income estimates for its most up-to-date quarter. The corporate’s outcomes included a pre-tax affect of $192 million from features on partnership card portfolios and lower-than-expected web curiosity margins.
— CNBC’s Samantha Subin and Pippa Stevens contributed reporting