Global Courant 2023-04-26 02:19:11
3,760 Enphase microinverters will power the drying and storage of more than 50,000 tons of California rice at Strain Ranch in Arbuckle, California, Tuesday, February 19, 2013.
Alison Yin| AP
Check out the companies making headlines in extended trading.
Enphase energy — The solar inverter company saw shares fall about 16% after hours after reporting a mixed quarter of disappointing sales results. Enphase brought in $726 million in revenue. Analysts were looking at $732.5 million, according to Refinitiv. Competitor SolarEdge down more than 6%.
PacWest Bancorp — Shares of the regional bank rose 15% after PacWest said it had seen an influx of deposits over the past month. PacWest said deposits fell more than 16% to about $28.2 billion during the first quarter. However, the bank said it has added about $1.8 billion in deposits since March 20, which was the earlier update to investors. That amount includes $700 million in April deposits. PacWest also reported a net loss of $1.21 billion for the quarter, largely due to goodwill impairment.
Chipotle Mexican Grill — The burrito chain rose 7.7% hours after the company’s latest financial results. Chipotle’s revenue and earnings for the first quarter beat analyst estimates polled by Refinitv. Same-store sales increased 10.9%, beating StreetAccount’s estimates of 8.6%.
Microsoft — Shares of the tech giant rose nearly 5% after the company reported quarterly results and earnings that beat analyst expectations, Refinitiv said. Revenue in Microsoft’s Intelligent Cloud business segment grew 16% to $22.08 billion, higher than analysts had predicted.
Alphabet Google’s parent company saw shares rise 4% after posting revenue that topped estimates in the first quarter, according to Refinitiv, and said it was reporting a first-ever profit in its cloud business. The company’s board of directors also approved a $70 billion share buyback. Big Tech colleagues Amazon And meta gained about 2% each.
Texas Instruments — The chipmaker gained nearly 2% after reporting better-than-expected revenue for the first quarter and earnings that were in line with estimates, according to Refinitiv.
Visa – The payments giant was up nearly 2% in extended trading after reporting adjusted earnings of $2.09 per share on $7.99 billion in revenue for the last quarter, according to Refinitiv. Analysts had expected earnings of $1.99 per share on revenue of $7.79 billion.
— CNBC’s Jesse Pound contributed reporting
(TagsToTranslate)Solaredge Technologies Inc
