Check out the companies that are trending in intraday trading. Microsoft — Shares rose his 2% after the tech giant reported better-than-expected third-quarter results as its Azure business continues to show momentum. Alphabet — Google’s parent company rose 10%. Alphabet reported better-than-expected first-quarter results, approved its first-ever dividend and $70 billion in stock buybacks. Earnings per share were $1.89, exceeding analysts’ estimates of $1.51 per share compiled by LSEG. Revenue was $80.54 billion, exceeding expectations of $78.59 billion. Exxon Mobil — Energy stocks fell more than 2% after Exxon Mobil reported first-quarter adjusted earnings that fell short of analysts’ expectations. Excluding items, earnings per share were $2.06, below the LSEG consensus estimate of $2.20 per share. Revenue was $83.08 billion, exceeding expectations of $78.35 billion. ResMed — Shares soared 17% after third-quarter results beat analyst expectations. The medical device company had sales of $1.2 billion and earnings per share, excluding items, of $2.13. Analysts polled by FactSet had expected earnings of $1.93 per share and revenue of $1.17 billion. Intel — The chipmaker fell 9% after the company issued a weak outlook for the current quarter. Second-quarter sales are expected to be in the range of $12.5 billion to $13.5 billion, compared with analysts polled by LSEG expecting $13.6 billion. Adjusted earnings per share for the period are also expected to be below Street expectations. Snap — Shares soared 28% after the social media company reported adjusted earnings and revenue that missed analysts’ expectations, according to LSEG. Snap’s revenue rose 21% in the quarter due to regrowth in its digital advertising business. Charter Communications — the broadband and cable provider fell 2% following weak first-quarter results. Charter’s earnings of $7.55 per share on revenue of $13.68 billion were below the Street’s estimates for LSEG of $7.92 per share and revenue of $13.74 billion. Skechers — The footwear company rose nearly 13% after posting strong sales and bottom line improvements in the first quarter. Skechers posted earnings of $1.33 per share and sales of $2.25 billion. This beat analyst estimates compiled by LSEG for earnings of $1.10 per share and sales of $2.2 billion. Roku – Streaming stock fell 8% after first quarter earnings release. Roku beat revenue estimates, according to FactSet. However, the company warned that “year-over-year growth comparisons” in stream service distribution activity are “difficult to compare”, citing past price hikes and a mix shift to ad-supported streamers. T. Rowe Price Group — Shares rose 5% after the company reported better-than-expected quarterly results. The asset management company had first-quarter adjusted earnings of $2.38 per share on revenue of $1.75 billion. Analysts expected earnings of $2.04 per share and revenue of $1.71 billion, according to FactSet. L3Harris Technologies — The defense company rose 3% after reporting first-quarter earnings and revenue beats. Management also raised its full-year outlook. — CNBC’s Samantha Subin, Alex Harring, Lisa Kai-Lai Han and Sarah Ming contributed reporting
Stocks with the biggest price movements at midday: MSFT, GOOGL, XOM, SNAP
