A building containing offices belonging to Microsoft is seen on January 18, 2023 in Chevy Chase, Maryland.
Saul Loeb | AFP | Getty Images
See the companies making headlines after the bell,
Microsoft – The tech giant saw shares rise 4% in extended trading after the company reported fiscal second-quarter results. beat analysts’ estimates, driven by strong growth in its cloud unit. However, Microsoft’s total revenue grew 2% year over year in the quarter, marking the slowest rate since 2016.
capital a – The financial stock sank more than 1% in extended trading after the company missed earnings. Capital One reported net income per diluted common share of $3.03 in the latest quarter, compared with the $3.87 estimated by analysts polled by FactSet. Total net revenue of $9.04 billion was slightly below estimates of $9.07 billion.
Texas Instruments – Chip stock fell less than 1% in extended trading after the company posted better-than-expected quarterly results. According to FactSet, Texas Instruments reported earnings of $2.13 per share, beating expectations of $1.98 per share. Revenue also came in above analysts’ estimates.
Canadian National Railway Canadian National Railway saw its shares slide more than 4% in extended trading even as its quarterly results beat expectations. The company reported EPS of C$2.10 in Canadian dollars, compared to FactSet’s estimate of C$2.08. Revenue of C$4.54 billion was also higher than the C$4.49 billion forecast by analysts.