Check out the companies making headlines in midday trading: Microsoft — Shares jumped 2% after the tech giant reported better-than-expected fiscal third-quarter results as its Azure business continued to show momentum. Alphabet — The Google parent company rallied 10%. Alphabet posted first-quarter results that topped estimates and authorized its first-ever dividend, as well as a $70 billion buyback. Earnings of $1.89 per share beat the $1.51 in earnings per share anticipated by analysts polled by LSEG. Revenue of $80.54 billion surpassed expectations of $78.59 billion. Exxon Mobil — The energy stock fell more than 2% after Exxon Mobil posted first-quarter adjusted earnings that missed analysts’ forecasts. Earnings of $2.06 per share, excluding items, fell below the LSEG consensus estimate of $2.20 in earnings per share. Revenue of $83.08 billion topped estimates of $78.35 billion. ResMed — Shares soared 17% after fiscal third-quarter results topped analysts’ estimates. The medical device company posted $2.13 in earnings per share, excluding items, on $1.20 billion in revenue. Analysts polled by FactSet had forecast $1.93 in earnings per share on $1.17 billion in revenue. Intel — The chipmaker declined 9% after the company issued a weak forecast for the current quarter. Revenue for the …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: Microsoft — Shares jumped 2% after the tech giant reported better-than-expected fiscal third-quarter results as its Azure business continued to show momentum. Alphabet — The Google parent company rallied 10%. Alphabet posted first-quarter results that topped estimates and authorized its first-ever dividend, as well as a $70 billion buyback. Earnings of $1.89 per share beat the $1.51 in earnings per share anticipated by analysts polled by LSEG. Revenue of $80.54 billion surpassed expectations of $78.59 billion. Exxon Mobil — The energy stock fell more than 2% after Exxon Mobil posted first-quarter adjusted earnings that missed analysts’ forecasts. Earnings of $2.06 per share, excluding items, fell below the LSEG consensus estimate of $2.20 in earnings per share. Revenue of $83.08 billion topped estimates of $78.35 billion. ResMed — Shares soared 17% after fiscal third-quarter results topped analysts’ estimates. The medical device company posted $2.13 in earnings per share, excluding items, on $1.20 billion in revenue. Analysts polled by FactSet had forecast $1.93 in earnings per share on $1.17 billion in revenue. Intel — The chipmaker declined 9% after the company issued a weak forecast for the current quarter. Revenue for the …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
