Welcome to Extreme Investor Network, where we provide valuable insights and analysis on the latest financial news and market trends. Today, we are taking a closer look at the companies making headlines before the bell.
Microsoft started the day strong, with shares gaining 4% after reporting fiscal third-quarter results that exceeded expectations. The tech giant’s Azure business showed strong momentum, contributing to its impressive performance.
Alphabet, another tech behemoth, surged more than 11% after posting first-quarter results that topped estimates and announcing its first-ever dividend along with a $70 billion buyback. This news boosted investor confidence in the company’s future growth prospects.
Snap, the social media stock, saw a 22% surge in its stock price after exceeding first-quarter expectations. The company’s revenue rose by 21%, driven by improvements in its advertising platform.
On the flip side, Intel faced some challenges as its shares dropped over 8% following its first-quarter financial results. While the company beat earnings estimates, it fell short in sales and provided a weak forecast for the current quarter.
Exxon Mobil and Chevron also experienced a mixed bag of results, with Exxon Mobil’s earnings missing estimates while Chevron’s revenue fell short of expectations.
AutoNation, AbbVie, Colgate-Palmolive, Skechers, DexCom, and Charter Communications were among the companies that reported better-than-expected results, leading to positive movements in their stock prices.
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