Enphase Energy (ENPH)
Enphase energy stock surged over 8% in the premarket
trading after the company reported first-quarter results. The solar
microinverter maker reported record revenue, and beat analyst expectations on
both the top and bottom line. The company Europe will be a key area for growth
looking forward as the Russia-Ukraine war sends power prices soaring.
Juniper Networks (JNPR)
The networking technology developer’s stock slipped 6.1%
in the premarket after reporting lower-than-expected first-quarter results. The
company said earnings were impacted by ongoing supply chain challenges,
resulting in extended lead times and high logistics and component costs.
Shares of Visa jumped 5.5% in the premarket after beating
the top and bottom-line estimates in the first quarter. The company expects
travel recovery to bring continued growth. The payments company reported
adjusted earnings of $1.79 per share on revenues of $7.19 billion against
analysts’ expectation of $1.65 adjusted earnings per share and $6.83 billion in
Shares of Microsoft jumped 4% during the premarket after
it beat the top and bottom lines in the first quarter and issued strong
guidance for the current quarter. Revenue forecast for all three of the
company’s business segments in the current quarter beat analysts’ expectations.
Edwards Lifesciences (EW)
The artificial heart valve maker’s shares declined 3.6%
despite reporting strong revenue growth for the first quarter but the company
present a weak revenue forecast for the ongoing quarter.
Alphabet shares fell 3.5% in the premarket trading after
reporting a miss on the top and bottom lines in the first quarter and weak
revenue from YouTube. Alphabet reported earnings of $24.62 per share on
revenues of $68.01 billion against Analysts’ expectation of $25.91 on revenues
of $68.11 billion.
Texas Instruments (TXN)
Texas Instruments’ stock declined 2.9% during the premarket
trading following a weak earnings and revenue forecast for the ongoing quarter.
The company said it expects reduced demand from Covid restrictions in China.
Harley-Davidson’s shares slipped by 1.4% after the
company released a first-quarter earnings report that was in line with the
analysts’ estimates, at $1.45 per share. However, its quarterly revenue
slightly missed estimates, at $1.30 billion versus $1.31 billion.
The aircraft maker’s shares fell by 1.3% in the premarket
action after the company posted weaker-than-expected earnings and revenue for
the first quarter. Boeing said it is suspending production of its 777X plane
and doesn’t expect deliveries to start until 2025.