Before the announcement, check out the companies making headlines: Microsoft — Shares rose 4% after the tech giant reported fiscal third-quarter results that beat expectations as its Azure business continued to show momentum. Alphabet, the tech giant’s shares, rose more than 11%. Alphabet posted first-quarter results that beat forecasts and paid its first-ever dividend and repurchased $70 billion in shares. Earnings of $1.89 per share topped the $1.51 earnings per share expected by analysts polled by LSEG. Revenue of $80.54 billion beat expectations of $78.59 billion. Snap — Social media shares rose 22% after Snap’s first-quarter results beat expectations. Revenue rose 21% to $1.19 billion, helped by improvements in the company’s advertising platform. Intel — Shares fell more than 8% as investors weighed the chipmaker’s first-quarter financial results. Although Intel’s adjusted earnings per share of 18 cents beat estimates by 4 cents, the company’s sales were weak at $12.72 billion versus expectations for $12.78 billion, according to LSEG. Intel gave weak guidance for the current quarter. Exxon Mobil — Shares fell nearly 2% after the oil giant’s first-quarter earnings of $2.06 per share missed the LSEG consensus estimate of $2.20 per share. Revenue of $83.08 billion beat estimates of $78.35 billion. Chevron – Shares fell 0.4% after Chevron’s first-quarter revenue of $48.72 billion fell short of the $50.66 billion expected by analysts polled by LSEG . Otherwise, Chevron’s earnings of $2.93 per share beat the consensus estimate of $2.87 earnings per share. AutoNation — Shares rose about 1% after AutoNation reported first-quarter earnings of $4.49 per share, beating the LSEG consensus estimate of $4.27 earnings per share. Revenue of $6.49 billion fell short of estimates of $6.5 billion. AbbVie — Health care shares rose more than 1% after a first-quarter report that beat expectations. AbbVie reported adjusted earnings per share of $2.31 on revenue of $12.31 billion. Analysts surveyed by LSEG expected earnings per share of $2.23 on revenue of $11.92 billion. The company also raised its full-year profit forecast . Colgate-Palmolive — Shares rose about 1% after the consumer products company’s quarterly results beat expectations. Adjusted earnings per share were 86 cents, versus 81 cents expected by analysts polled by LSEG. Revenue was $5.07 billion versus the consensus estimate of $4.96 billion. Skechers — Shares jumped more than 10% after the shoe company reported first-quarter results that beat expectations. Skechers reported earnings of $1.33 per share and revenue of $2.25 billion, topping the earnings of $1.10 per share and revenue of $2.2 billion expected by analysts polled by LSEG. DexCom – Shares fell about 5% after the glucose monitoring system maker beat its latest quarterly revenue and profit expectations. DexCom reported adjusted earnings of 32 cents per share on revenue of $921 million. Analysts polled by FactSet expected earnings of 27 cents per share on revenue of $909.9 million. Charter Communications – Shares of the broadband and cable TV provider fell by 3.4% after first-quarter profit was lower than expected. Charter earned $7.55 per share on revenue of $13.68 billion, below the respective estimates of $7.92 per share and $13.74 billion by analysts surveyed by LSEG. – CNBC’s Michelle Fox, Alex Harring, Tanaya Machil and Jesse Pound provided the report.
