Welcome to Extreme Investor Network, where we bring you the latest updates on the companies making headlines in the finance world. Today, we dive into the midday trading action of some major players in the market.
Microsoft saw a 2% jump in shares after reporting better-than-expected fiscal third-quarter results, driven by the strong performance of its Azure business. Meanwhile, Alphabet, the parent company of Google, rallied 10% after releasing first-quarter results that surpassed estimates and announcing its first-ever dividend and a $70 billion buyback.
On the other hand, Exxon Mobil experienced a more than 2% drop in its stock price as it posted first-quarter adjusted earnings below analysts’ forecasts. ResMed, a medical device company, saw shares soar 17% after exceeding analysts’ estimates for the fiscal third quarter.
Intel, the chipmaker, faced a 9% decline after issuing a weak forecast for the current quarter, falling short of analyst expectations. Snap, the social media company, surprised investors with adjusted earnings and revenue that defied expectations, leading to a 28% surge in its stock price.
Charter Communications, Skechers, Roku, T. Rowe Price Group, and L3Harris Technologies also made moves in the market, with each company experiencing unique outcomes based on their quarterly results.
At Extreme Investor Network, we strive to provide you with insightful analysis and valuable information to help you navigate the complex world of finance. Stay tuned for more updates and expert insights to guide your investment decisions.
