U.S. Movers: Alphabet, DexCom, Hertz Global, Intel, Microsoft, Nasdaq

Scott Peters
26 Apr, 2024
New York City

Snap Inc. jumped 24.7% to $14.20 after the social media network operator reported stronger-than-expected sales in the first quarter. 

DexCom dropped 6.5% to $129.0 despite the glucose monitoring system maker's reported sales and earnings that exceeded market expectations. 

Intel declined 7.7% to $32.39 after the advanced chipmaker reported weaker-than-expected sales in the first quarter and estimated a weak outlook for the current quarter. 

Microsoft jumped 4.3% to $416.25 after the software company reported better-than-expected revenue and earnings. 

Revenue in the fiscal third quarter increased 17% to $61.86 billion, net income jumped to $21.94 billion from $18.30 billion, and diluted earnings per share advanced to $2.94 from $2.45 a year ago. 

Microsoft guided fiscal fourth quarter revenue of $64 billion, driven by strong growth of 31% in its Azure and other cloud service businesses. 

Alphabet jumped 11% to $176.0 after the parent company of the search engine Google reported stronger-than-expected quarterly results. 

Revenue in the first quarter increased by 15% to $80.5 billion. $69.8 billion, net income soared to $23.7 billion from $15.0 billion, and diluted earnings per share rose to $1.89 from $1.17 a year ago. 

Google search revenue jumped to $46.2 billion from $40.3 billion, YouTube ad revenue advanced to $8.0 billion from $6.7 billion, and Google cloud revenue increased to $9.5 billion from $7.5 billion a year ago. 

Hertz Global increased 0.9% to $4.72 after the company reported mixed quarterly results. 

Revenue in the first quarter increased 2% to $2.08 billion from $2.04 billion; the company swung to a net loss of $186 million from a profit of $196 million; and diluted earnings per share were a loss of 61 cents compared to a profit of 61 cents a year ago. 

Nasdaq decreased 0.2% to $60.20 after the company reported a decline in earnings in the first quarter. 

Revenue in the first quarter increased to $1.7 billion from $1.5 billion, net income fell to $233 million from $301 million, and diluted earnings per share decreased to 40 cents from 61 cents a year ago.