Microsoft Corporation Headquarters in Issy-les-Moulineaux, near Paris, France, April 18, 2016.
Charles Platio | Reuters
See the companies leading titles in the lunch trade.
Enphase Energy – Shares jumped more than 8% after Enphase exceeded earnings expectations at the top and bottom. The energy company reported record revenues and said it was focusing on Europe as a growth zone during the ongoing war in Ukraine.
Visa – Shares of the credit card company jumped more than 7% after a stronger than expected quarterly report. Visa reported adjusted earnings per share of $ 1.79 with revenue of $ 7.19 billion. Analysts expect adjusted earnings per share of $ 1.65 and $ 6.83 billion in revenue, according to Refinitiv. The company welcomed the ongoing recovery in travel costs and said it had no visible impact on global payments from inflation and supply chain disruptions.
Mastercard – Shares of Mastercard jumped nearly 6% amid a strong profit statement from rival Visa. The payment company is expected to announce its own quarterly profits on Thursday.
Microsoft – Microsoft’s share price rose 6.5% after the company reported a decline in profits in its last quarter. The company’s revenue guidelines for each of Microsoft’s three business segments also exceeded analysts’ expectations of FactSet’s StreetAccount analysts.
CME Group – Shares rose more than 6% after CME Group exceeded expectations for the top and bottom lines in its last quarter. The company also confirmed the guidelines for fiscal 2022.
F5 Inc – The security price of the company’s security app fell by more than 12%, although the company reported profits that exceeded analysts’ expectations. The company has cut revenue guidelines for its financial year 2022.
Boeing – The aircraft manufacturer’s shares lost more than 8% after the company reported sales and revenue for the first quarter, which missed analysts’ estimates. Boeing also said it was shutting down production of its 777X and that deliveries could not begin until 2025.
Capital One Financial – Capital One’s share price jumped about 6% after the company exceeded Wall Street’s expectations for the top and bottom lines. The company reported a pre-tax impact of $ 192 million in profits on partner card portfolios, as well as lower-than-expected net interest margins.
Robinhood – Shares of the brokerage firm fell 5% a day after the company announced it was reducing the number of its full-time employees by about 9%. The announcement comes shortly before Robinhood’s first-quarter earnings report, due to be released on Thursday afternoon.
Juniper Networks – Shares fell more than 4% after Juniper Networks reported gains that were slightly lower than forecast. The manufacturer of network products for markets such as routers and switches cites current challenges in the supply chain.
Edwards Lifesciences – Edwards Lifesciences’ share price fell more than 4% in lunch trading. The medical equipment maker exceeded revenue expectations for its last quarter, but the company issued weak revenue guidelines.
– Yun Lee, Tanaya Machel and Jesse Pound from CNBC contributed to the report.
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