Microsoft, Boeing, Alphabet, Robinhood and more

A worker inspects a Boeing 737 MAX aircraft at Renton Airport next to the Boeing Renton plant in Renton, Washington on November 10, 2020.

Jason Redmond | AFP | Getty pictures

Check out the companies that make headlines in early morning trading.

Enphase Energy – The shares of the producer of solar energy microinverters rose by more than 8% during pre-market trading after the company̵[ads1]7;s results for the first quarter. Enphase reported record revenues, exceeding analysts’ expectations at both the top and bottom lines. The company said that Europe would be a key growth area looking ahead as Russia’s invasion of Ukraine caused power prices to skyrocket.

Juniper Networks – The maker of network technology saw its shares fall 6.1% after reporting first-quarter earnings that came slightly lower than analysts’ estimates. Management said at the company’s earnings talks that ongoing supply chain challenges have resulted in extended lead times and increased logistics and component costs.

Edwards Lifesciences – The shares of the manufacturer of artificial heart valves fell by 3.6% despite the fact that they reported an income stroke for the first quarter, when the company gave weak income advice for the current quarter.

Visa – Visa’s share rose by 5.5% before the market after a blow to the top and bottom lines in the previous quarter, as it expects that the upswing in travel will lead to continued growth. The payment company reported an adjusted earnings per share of $ 1.79 with revenues of $ 7.19 billion. Analysts expected $ 1.65 adjusted earnings per share and $ 6.83 billion in revenue, according to Refinitiv.

Texas Instruments – Shares of Texas Instruments fell 2.9% after the technology company provided weak revenue and revenue guidance for the current quarter, saying they expect reduced demand from Covid restrictions in China.

Boeing – The aircraft manufacturer’s shares fell 1.3% after the company registered weaker earnings and revenues than expected for the last quarter. Boeing also said they are stopping production of their 777X aircraft and do not expect deliveries to start until 2025.

Harley-Davidson – Shares of the motorcycle maker fell 1.4% after the company reported earnings for the previous quarter that were in line with analysts’ estimates, to $ 1.45 per share, according to Refinitiv. Quarterly revenue also missed estimates by $ 1.30 billion from $ 1.31 billion.

Robinhood – Retail brokerage house shares fell 4.5% in early trading after the company reported it would cut around 9% of employees, citing “dual roles and job functions” following last year’s expansion. Robinhood reported 3,800 full-time employees as of December 31.

Alphabet – The shares of Google’s parent company fell 3.5% below pre-market trading after reporting a lack of top and bottom line in the first quarter and weak revenue from YouTube. Alphabet reported earnings per share of $ 24.62 per share on earnings of $ 68.01 billion. Analysts expected revenue of $ 25.91 on revenue of $ 68.11 billion, according to Refinitiv.

Microsoft – Microsoft’s shares rose 4% before the market after a blow to the top and bottom line in the previous quarter, and shared strong guidance for the current quarter. Revenue guidance for all three of the company’s business segments in the current quarter topped analysts’ expectations.

Capital One – The Capital One share lost 5.4% in early trading despite the company beating earnings and revenue estimates for the last quarter. The company’s results included a pre-tax effect of $ 192 million from gains on partnership card portfolios and lower-than-expected net interest margins.

– CNBC’s Samantha Subin and Pippa Stevens contributed reporting

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