Check out the companies making headlines after the bell : Alphabet – Shares soared about 15% in extended trading after first-quarter earnings of $1.89 per share beat analysts’ estimates of $1.51 per share, according to LSEG, and revenues of $80.54 billion exceeded expectations of $78.59 billion. The search giant operator also authorized its first ever dividend, as well as a $70 billion buyback . Microsoft – The tech giant saw shares climb 4.5% in extended trading after the software maker posted fiscal third-quarter results that surpassed Wall Street’s expectations. Snap – Shares soared more than 27% in afterhours trading after the social media firm reported first-quarter results that beat analysts’ estimates. Revenue increased 21% to $1.19 billion, primarily driven by improvements in the company’s advertising platform. Intel – The tech stock slid 8% in extended trading after the company missed expectations for first-quarter sales and gave a weak forecast for the current quarter. Intel reported earnings that beat Wall Street expectations, however. Dexcom – The manufacturer of glucose monitoring systems fell 8%, even as the company posted beats on the top and bottom lines. Dexcom reported adjusted earnings of 32 cents per share on revenue of $921 million in revenue. Analysts polled by FactSet anticipated 27 cents per share in earnings and $909.9 million of revenue. Gilead Sciences – The biotech stock jumped almost 3% after a better-than-feared quarterly report. Gilead posted a loss of $1.32 per share, narrower than a loss of $1.49 per share expected by analysts polled by LSEG. Revenue of $6.69 billion also came in above expectations. Skechers – The shoe company advanced more than 7%. Skechers reported first-quarter earnings of $1.33 per share and revenue of $2.25 billion. Those results surpassed the earnings of $1.10 per share and $2.2 billion in revenue anticipated by analysts polled by LSEG. L3Harris Technologies – Shares rose nearly 2% after the aerospace and defense company handed in a stronger-than-expected report. L3Harris posted an adjusted EPS of $3.06 and surpassed consensus estimates of $2.90 per share, per LSEG. Revenue of $5.21 billion also came in higher than an estimate of $5.11 billion. — CNBC’s Tanaya Macheel and Darla Mercado contributed reporting.
Read the full article here
