Microsoft, Visa, Enphase Energy, Boeing and more

Microsoft, Visa, Enphase Energy, Boeing and more

Try the businesses making headlines in noon buying and selling.

Enphase Power — Shares jumped more than 8% after Enphase topped earnings expectations on the highest and backside traces. The power firm reported file revenues, and mentioned it is setting its sights on Europe as a progress space throughout the ongoing battle in Ukraine.

Visa — Shares of the bank card firm jumped over 7% following a stronger-than-expected quarterly report. Visa 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 response to Refinitiv. The corporate cheered a continued restoration in journey spending and mentioned there is not any evident affect on its international funds volumes from inflation and provide chain disruptions.

Mastercard — Shares for Mastercard jumped practically 6% on the again of competitor Visa’s sturdy earnings report. The funds firm is anticipated to reveal its personal quarterly earnings on Thursday.

Microsoft — Microsoft’s inventory value surged 6.5% after the corporate reported an earnings beat in its most up-to-date quarter. The corporate’s income steering for every of Microsoft’s three enterprise segments additionally exceeded the expectations of analysts surveyed by FactSet’s StreetAccount.

CME Group — Shares popped over 6% after CME Group surpassed expectations on the highest and backside traces in its most up-to-date quarter. The corporate additionally reaffirmed steering for the 2022 fiscal yr.

F5 Inc — The app safety firm’s share value tumbled more than 12% regardless of the agency reporting earnings that topped analysts’ expectations. The corporate lower income steering for its 2022 fiscal yr.

Boeing — Shares of the plane maker misplaced more than 8% after the corporate reported first-quarter gross sales and income that missed analysts’ estimates. Boeing additionally mentioned it is pausing manufacturing of its 777X aircraft, and that deliveries might not begin till 2025.

Capital One Monetary — Capital One’s inventory value jumped about 6% after the corporate exceeded Wall Avenue’s expectations on the highest and backside traces. The corporate reported a pre-tax affect of $192 million from positive aspects on partnership card portfolios, in addition to weaker than anticipated internet curiosity margins.

Robinhood — Shares of the brokerage agency dropped 5% a day after the corporate announced that it was decreasing the variety of its full-time staff by about 9%. The announcement comes shortly forward of Robinhood’s first-quarter earnings report, which is due out on Thursday afternoon.

Juniper Networks — Shares declined more than 4% after Juniper Networks reported earnings that have been a little bit decrease than estimates. The maker of markets networking merchandise, corresponding to routers and switches, cited ongoing provide chain challenges.

Edwards Lifesciences — Edwards Lifesciences’ inventory value tumbled more than 4% in noon buying and selling. The medical gear maker beat income expectations for its most up-to-date quarter, however the firm issued weak income steering.

— CNBC’s Yun Li, Tanaya Macheel and Jesse Pound contributed reporting.

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