Microsoft, Visa, Enphase Energy, Boeing and more

Headquarters of Microsoft Corporation in Issy-les-Moulineaux, near Paris, France, on April 18, 2016.

Charles Platiau | Reuters

Find out which companies are making headlines in the midday business.

Enphase Energy – Shares jumped more than 8% after Enphase beat earnings expectations on both a high and a low. The energy company posted record revenues and said it was targeting Europe as a growth area during the ongoing war in Ukraine.

Visa – Shares of the credit card company jumped more than 7% following a stronger than expected quarterly report. Visa reported adjusted earnings per share of $1.79 on revenue of $7.19 billion. Analysts had expected adjusted earnings per share of $1.65 and revenue of $6.83 billion, according to Refinitiv. The company welcomed the continued recovery in travel spending and said inflation and supply chain disruptions had no obvious impact on its global payments volumes.

Mastercard – Shares of Mastercard jumped nearly 6% on the strength of competitor Visa’s earnings report. The payments company is expected to release its own quarterly results on Thursday.

Microsoft — Microsoft’s share price jumped 6.5% after the company reported lower earnings in its latest quarter. The company’s revenue forecast for each of Microsoft’s three business segments also exceeded analysts’ expectations polled by FactSet’s StreetAccount.

CME Group – Shares jumped more than 6% after CME Group beat expectations for highs and lows in its latest quarter. The company also reaffirmed its guidance for fiscal year 2022.

F5 Inc – The application security company’s share price fell more than 12% despite the company’s reported results beating analysts’ expectations. The company has cut its revenue forecast for its 2022 fiscal year.

Boeing – The aircraft maker’s shares fell more than 8% after the company reported first-quarter sales and revenue that missed analysts’ estimates. Boeing also said it was suspending production of its 777X aircraft and deliveries may not begin until 2025.

Capital One Financial – Capital One’s share price jumped about 6% after the company beat Wall Street’s high and low expectations. The company reported a $192 million pretax impact from gains on partnership card wallets, as well as lower-than-expected net interest margins.

Robinhood – Shares in the brokerage fell 5% a day after the company announced it was cutting its full-time staff by about 9%. The announcement comes shortly before Robinhood’s first-quarter earnings report, due out Thursday afternoon.

Juniper Networks – Shares fell more than 4% after Juniper Networks reported earnings slightly below estimates. The maker of market networking products, such as routers and switches, cited ongoing supply chain challenges.

Edwards Lifesciences — Edwards Lifesciences’ stock price fell more than 4% at midday. The medical equipment maker beat revenue expectations for its latest quarter, but the company issued a weak revenue forecast.

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

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