Investigate the stocks of various businesses making news before the market opens. Alphabet soared 6% after posting higher than anticipated earnings for the quarter, fueled by their cloud computing segment. Microsoft, however, slid 4% with their cloud revenue growth slowing down in their fourth quarter and their guidance expectations lower than anticipated. PacWest's stock rocketed 28% as they struck a deal with Banc of California to form Pacific Western. Snap took an 18% plunge after issuing a weak forecast for the quarter yet still exceeding earnings and revenue expectations for the quarter. Coca-Cola shares rose 2% as their organic revenue was up 11% and they increased their full-year outlook. Boeing increased 3% due to a rise in airplane deliveries and Wells Fargo added 2.5% after announcing a share buyback program and dividend hike. Texas Instruments was down 4% despite reporting outcome better than expected and AT&T bumped up 2% as they topped earnings but fell short on revenue. Teladoc Health increased 6% with their loss per share narrower than expected and Dish Network leapt 9% after they decided to launch their wireless service on Amazon. Thermo Fisher Scientific descended 6.6% after their revenue fell short and Union Pacific climbed 8% despite their revenue not reaching expectations.
Comments