Investors were pleased with Alphabet's better-than-expected second-quarter results, which drove its shares up 7%. The company earned $1.44 per share on $74.6 billion in revenue, whereas analysts anticipated adjusted earnings of $1.34 per share and revenue of $72.82 billion, according to Refinitiv. The Cloud segment was a source of strength for Alphabet, and CFO Ruth Porat was promoted to President and Chief Investment Officer. Snap's share price declined 17% after providing weak guidance for the current quarter. However, it beat analysts' estimates for an adjusted net loss of 2 cents per share, instead of the 4 cents per share forecasted, and its revenue of $1.07 billion surpassed the expected $1.05 billion. Microsoft also reported slowing revenue growth in its Cloud business for its fiscal fourth quarter, but its earnings per share of $2.69 beat the estimated $2.55. Wells Fargo shareholders were elated, as the bank announced a $30 billion share buyback program. Texas Instruments announced that its forthcoming earnings per share should be between $1.68 and $1.92, below the $1.91 predicted by experts polled by FactSet. Intuitive Machines' stock went up 1% after they were selected to help in the development of lunar night technology for NASA. Robert Half's stock plummeted 12.7% due to extended hiring cycles, as the employment agency earned $1.00 per share on $1.64 billion in revenue, whereas analysts had predicted $1.14 per share and $1.69 billion in revenue. On the other hand, Teladoc's virtual health care stock surged 6% after beating analysts' estimates, with a net loss of 40 cents per share (versus the expected 41 cents per share) and revenue of $652 million (which was more than the $649 million expected).
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