Visitors are seen at Google Headquarters in Mountain View, California, United States on May 15, 2023.
Tayfun Coskun | Anadolu Agency | Getty Images
Check out the corporations making headlines after the bell.
Alphabet — Shares of the Google mum or dad jumped 7% as buyers cheered better-than-expected second- quarter results, lifted by sturdy progress in cloud gross sales. The firm posted earnings of $1.44 per share on $74.6 billion of income. Analysts known as for earnings of $1.34 per share, adjusted, and income of $72.82 billion, per Refinitiv. Strong progress in cloud gross sales lifted outcomes. The firm additionally announced that Alphabet CFO Ruth Porat would grow to be the president and chief funding officer.
associated investing information
Snap — Snap tumbled 17% after reporting weak guidance for its present quarter. However, the firm posted an adjusted lack of 2 cents a share, in comparison with consensus estimates of a 4 cent loss per share, per Refinitiv. Revenue got here in at $1.07 billion, greater than the $1.05 billion anticipated by analysts.
Microsoft — The huge know-how inventory slid about 1% after reporting slowing revenue growth in its cloud enterprise in the fiscal fourth quarter. Still, the firm posted earnings of $2.69 per share, in comparison with the $2.55 per share anticipated by analysts, per Refinitiv. Microsoft reported $56.19 billion in income, beating estimates of $55.47 billion.
Wells Fargo — Shares of the financial institution jumped 3% in prolonged buying and selling after Wells Fargo introduced a $30 billion share buyback program.
Texas Instruments — Texas Instruments fell 3.7%. The firm mentioned to anticipate between $1.68 and $1.92 in earnings per share for the present quarter, placing a lot of the vary under the $1.91 consensus estimate of analysts polled by FactSet. Texas Instruments guided income for the quarter to come back in between $4.36 billion and $4.74 billion, a spread that features analysts’ consensus estimate of $4.59 billion, per FactSet.
Intuitive Machines — The area exploration inventory superior 1% after the firm was designated a part of an award from NASA to help in the improvement of lunar night technology.
Robert Half — Shares dropped 12.7% after the employment company missed expectations for earnings. Management mentioned the firm was affected by shoppers’ elongated hiring cycles. The firm posted $1 in earnings per share on $1.64 billion in income, whereas analysts polled by Refinitiv anticipated $1.14 per share in earnings and income of $1.69 billion.
Teladoc — The digital well being care inventory rallied 6% following a better-than-expected earnings report. Teladoc mentioned it misplaced 40 cents per share in its second quarter, beating analysts’ estimates for a 41 cent loss per share, per Refinitiv. The firm additionally beat expectations for income, posting $652 million towards a consensus estimate of $649 million.