Photo illustration by Pavel Gonchar
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Notice the companies making headlines outside of business hours:
Robinhood – Stocks in the stock trading app fell more than 9% during extended trading after the company’s third-quarter revenue fell short of expectations amid a slowdown in cryptocurrency trading. The company reported net revenue of $ 365 million, not counting the $ 432 million expected by analysts surveyed by Refinitiv.
Microsoft – Microsoft rose 1% after the tech giant’s fiscal first quarter revenue topped forecasts. Microsoft reported revenue of $ 45.32 billion, while analysts surveyed by Refinitiv expected $ 43.97 billion.
Enphase Energy – Shares in the solar company jumped more than 7% after Enphase’s third quarter results. According to StreetAccount estimates, the company had revenues of $ 351.5 million, beating analysts’ expectations of $ 345 million.
AMD – AMD shares were up more than 1% in the third quarter. AMD earned 73 cents a share excluding $ 4.31 billion in revenue. Refinitiv estimated that analysts were expecting 67 cents a share and $ 4.12 billion in revenue.
Texas Instruments – Shares in the chipmaker fell more than 4% after Texas Instruments missed revenue estimates. The company reported third-quarter sales of $ 4.64 billion, less than $ 4.66 billion predicted by analysts. Texas Instruments earned $ 2.07 a share during the period, up from the $ 2.05 expected.
Visa – Shares in the payment company surged more than 1% after the company beat earnings and earnings forecasts in the fourth quarter. Visa earned $ 1.62 a share excluding articles, while analysts polled by Refinitiv expected $ 1.54. Revenue was $ 6.56 billion, slightly above the $ 6.53 billion expected.