Here’s a look at the companies making headlines before the close: Microsoft – Shares of Microsoft rose 4% after the tech giant reported fiscal third-quarter results that beat estimates and continued growth in its Azure business. Alphabet — Shares of the technology giant soared more than 11%. Alphabet reported first-quarter results that beat expectations and issued its first-ever dividend, as well as $70 billion in buybacks. Earnings per share were $1.89, higher than the $1.51 per share expected by LSEG analysts. Revenue of US$80.54 billion exceeded expectations of US$78.59 billion. Snap — Social media shares soared 22% after Snap’s first-quarter results beat expectations. Revenue rose 21% to $1.19 billion, driven by improvements to the company’s advertising platform. Intel — Shares of Intel fell more than 8% as investors weighed the chipmaker’s first-quarter financial results. While Intel’s adjusted earnings per share were 18 cents, 4 cents above expectations, the company’s sales underperformed, coming in at $12.72 billion compared with expectations of $12.78 billion, according to LSEG. Intel’s forecast for the current quarter is weak. Exxon Mobil – The oil giant’s first-quarter profit of $2.06 per share missed LSEG’s consensus estimate of $2.20 per share, sending the company’s shares down nearly 2%. Revenue reached $83.08 billion, above expectations of $78.35 billion. Chevron – Chevron’s first-quarter revenue of $48.72 billion was lower than LSEG analysts’ forecast of $50.66 billion, and its shares fell 0.4%. Otherwise, Chevron’s earnings of $2.93 per share topped the consensus earnings estimate of $2.87 per share. AutoNation — AutoNation reported first-quarter earnings of $4.49 per share, beating LSEG’s consensus earnings estimate of $4.27 per share, sending shares up about 1%. Revenue was $6.49 billion, below expectations of $6.5 billion. AbbVie — The healthcare stock rose more than 1% after its first-quarter report beat expectations. AbbVie reported adjusted earnings of $2.31 per share on revenue of $12.31 billion. Analysts polled by London Stock Exchange Group (LSEG) expected revenue of $11.92 billion and earnings per share of $2.23. The company also raised its full-year profit forecast. Colgate-Palmolive — Shares of Colgate-Palmolive rose about 1% after the consumer products company beat quarterly expectations. Adjusted earnings per share were 86 cents, compared with 81 cents expected by analysts polled by LSEG. Revenue was $5.07 billion, compared with consensus estimates of $4.96 billion. Skechers – Shares of Skechers rose more than 10% after the footwear company reported first-quarter results that beat expectations. Skechers reported earnings of $1.33 per share on revenue of $2.25 billion. That beat analysts polled by LSEG who expected earnings of $1.10 per share and revenue of $2.2 billion. DexCom — The maker of blood glucose monitoring systems beat revenue and profit estimates for its latest quarter, sending its shares down about 5%. 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 Charter Communications fell 3.4% after the broadband and cable provider reported weaker-than-expected first-quarter profit. Charter’s earnings per share were $7.55 on revenue of $13.68 billion, below the $7.92 per share and $13.74 billion expected by analysts polled by London Stock Exchange Group (LSEG). —CNBC’s Michelle Fox, Alex Harlin, Tanaya Machel and Jesse Pond contributed reporting.
