Business

Microsoft, Visa, Enphase Energy, Boeing and others

Microsoft Corporation headquarters in Issy-les-Moulineaux, near Paris, France on April 18, 2016

Charles Platio | Reuters

Check out the companies that make headlines in the afternoon trade.

Enphase Energy – Shares jumped more than 8% after Enphase beat earnings expectations on the top and bottom lines. The energy company reported record earnings and said it was targeting Europe as a growth area during the ongoing war in Ukraine.

Visa – Shares in the credit card company jumped more than 7% after a stronger-than-expected quarterly report. Visa reported adjusted earnings per share $1.79 on revenue of $7.19 billion. Analysts had expected adjusted earnings of $1.65 per share 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 would not have a clear impact on its global payment volumes.

Mastercard – Shares of Mastercard jumped almost 6% on the back of a strong earnings report from competitor Visa. The payment company is expected to release its quarterly earnings on Thursday.

Microsoft – Microsoft’s share price rose 6.5% after the company reported higher earnings in the most recent quarter. The company’s earnings forecast for each of Microsoft’s three business segments also beat the expectations of analysts polled by StreetAccount FactSet.

CME Group – Shares are up more than 6% after CME Group beat expectations with tops and bottoms in the latest quarter. The company also reaffirmed its guidance for fiscal year 2022.

F5 Inc. The app security company’s share price fell more than 12% despite the firm reporting earnings that beat analysts’ expectations. The company cut its revenue guidance for fiscal year 2022.

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

Capital One Financial – Capital One’s share price jumped about 6% after the company outperformed Wall Street’s top and bottom line expectations. The company reported a pre-tax impact of $192 million from earnings on partner card portfolios, as well as weaker-than-expected net interest margins.

Robinhood – Brokerage firm stock fell 5% in the day after the company announced that it is reducing the number of its full-time employees by about 9%. The announcement came shortly before the release of Robinhood’s first-quarter earnings report, due Thursday afternoon.

Juniper Networks – Shares fell more than 4% after Juniper Networks reported earnings that came in slightly below forecasts. The maker of market-oriented networking products such as routers and switches cited current supply chain issues.

Edwards Lifesciences – The share price of Edwards Lifesciences fell more than 4% in the middle of the day. The medical device maker beat revenue expectations for the latest quarter, but the company posted weak revenue guidance.

– CNBC’s Yoon Lee, Tanaya Macheel and Jesse Pound provided reporting.


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