Stocks with the biggest gains after hours: GOOGL, MSFT, SNAP, INTC | Wilnesh News
Here’s a look at the companies making headlines after the close: Alphabet – Shares soared in after-hours trading after first-quarter earnings of $1.89 per share beat analysts’ expectations of $1.51 per share, revenue of $80.54 billion beat estimates, according to LSEG About 15%. The search giant operator also approved its first-ever dividend and $70 billion in buybacks. Microsoft — Shares of the technology giant rose 4.5% in after-hours trading after the software maker reported fiscal third-quarter results that topped Wall Street expectations. Snap – Shares of Snap surged more than 27% in after-hours trading after the social media company reported first-quarter results that beat analysts’ expectations. Revenue grew 21% to $1.19 billion, mainly due to improvements in the company’s advertising platform. Intel — The technology stock fell 8% in after-hours trading after the company missed first-quarter sales expectations and gave a weak forecast for the current quarter. However, Intel reported profits that beat Wall Street expectations. Dexcom – The maker of blood glucose monitoring systems fell 8% even as the company beat revenue and profit estimates. 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. Gilead Sciences — The biotech stock rose nearly 3% after reporting a better-than-expected quarterly report. Gilead reported a loss of $1.32 per share, lower than the loss of $1.49 per share expected by analysts polled by LSEG. Revenue of $6.69 billion also beat expectations. Skechers – Shares of the footwear company rose more than 7%. Skechers reported first-quarter earnings of $1.33 per share on revenue of $2.25 billion. Those performances beat analysts’ expectations polled by LSEG for earnings of $1.10 per share and revenue of $2.2 billion. L3Harris Technologies – Shares of L3Harris Technologies rose nearly 2% after the aerospace and defense company submitted a stronger-than-expected report. L3Harris reported adjusted earnings of $3.06 per share, beating the LSEG consensus estimate of $2.90 per share. Revenue of $5.21 billion also topped estimates of $5.11 billion. —CNBC’s Tanaya Macheel and Darla Mercado contributed reporting.