Robinhood, Microsoft, AMD and more
Photographic illustration by Pavlo Gonchar
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Find out which companies are making headlines for after-hours trading:
Robinhood – Stocks of the stock trading app fell by more than 9% in prolonged trading after the company’s third quarter earnings missed expectations amid slowing crypto trading -cash. The company reported net revenue of $ 365 million, below the $ 432 million expected by analysts polled by Refinitiv.
Microsoft – Microsoft shares rose 1% after the tech giant’s first-quarter tax revenue exceeded estimates. Microsoft reported $ 45.32 billion in revenue, while analysts polled by Refinitiv expected $ 43.97 billion.
Enphase Energy – Shares of the solar company jumped more than 7% after Enphase’s third quarter results. The company said revenue of $ 351.5 million, ahead of the $ 345 million expected by analysts, according to StreetAccount estimates.
AMD – AMD shares rose more than 1% after the company’s third quarter results. AMD earned 73 cents a share excluding items on revenue of $ 4.31 billion. Analysts were expecting 67 cents per share and $ 4.12 billion in revenue, according to Refinitiv estimates.
Texas Instruments – Shares of the chip company fell more than 4% after Texas Instruments did not estimate its earnings. The company reported third-quarter sales of $ 4.64 billion, which was lower than the $ 4.66 billion analysts expected. Texas Instruments gained $ 2.07 per share during the period, which is higher than the expected $ 2.05.
Visa – Shares in the payment company gained more than 1% after the company beat revenue and profit estimates in the fourth quarter. Visa gained $ 1.62 per share excluding items from the $ 1.54 analysts polled by Refinitiv were expecting. Revenue was $ 6.56 billion, slightly ahead of the expected $ 6.53 billion.