Stocks making the biggest moves after hours: Microsoft, Texas Instruments, Capital One & more

Finance

In this article

A building with offices belonging to Microsoft is seen in Chevy Chase, Maryland, January 18, 2023.
Saul Loeb | AFP | Getty Images

Check out the companies making headlines after the bell

Microsoft — The tech giant saw shares rise 4% in extended trading after the company reported fiscal second quarter results that exceeded analysts’ estimates, driven by the strong growth in its cloud unit. Microsoft’s total revenue increased by 2% year over year in the quarter, marking the slowest rate since 2016, however.

Capital One — The financial stock dipped more than 1% in extended trading after the company posted an earnings miss. Capital One reported net income per diluted common share of $3.03 in the latest quarter, compared to $3.87 expected by analysts polled by FactSet. Total net revenue of $9.04 billion is slightly below the $9.07 billion estimate.

Texas Instruments — The chip stock rose under 1% in extended trading after the company reported quarterly results that came in above expectations. Texas Instruments reported earnings of $2.13 per share, beating expectations of $1.98 per share, according to FactSet. Revenue also came in above analysts’ estimates.

Canadian National Railway — Canadian National Railway saw its shares dip more than 4% in extended trading, even as its quarterly results beat expectations. The company reported an EPS of 2.10 in Canadian dollars, compared to FactSet’s estimate of C$2.08. Revenue of C$4.54 billion was also higher than the C$4.49 billion forecasted by analysts.

Products You May Like

Articles You May Like

Factory-Built Prefab Mansions That Fold Into Place
Self-made millionaire: Here are 8 things rich people do differently that make them ‘ultra wealthy’
House GOP study group is proposing changes to Medicare. Here’s what you need to know
Activist investors’ growing appetite for corporate change | FT Big Deal
Tourism is roaring back in China. But the $6 trillion consumer market is digging itself out of a deep slump

Leave a Reply

Your email address will not be published. Required fields are marked *