Here are the stocks making headlines on Wednesday, July 26.
Microsoft — The Xbox owner saw its shares slide 4% after issuing quarterly revenue guidance that fell short of analysts’ expectations. The soft revenue outlook was partly due to weakness in the segment that contains Windows software. Microsoft did report earnings and revenue that beat Street estimates for the calendar second quarter, however.
Alphabetsecond quarter. The parent company of YouTube reported $1.44 in earnings per share on $74.6 billion of revenue. Analysts surveyed by Refinitiv were expecting $1.34 per share on $72.82 billion of revenue.
Boeingsecond-quarter earnings announcement. Boeing’s revenue of $19.75 billion topped analysts’ estimates of $18.45 billion, according to Refinitiv. The company also reported an 82-cent-loss per share, while Refinitiv analysts had estimated a loss of 88 cents per share.
WW Internationalan upgrade to overweight from Morgan Stanley. The bank highlighted WW International’s recent acquisition of Sequence, which analyst Lauren Schenk said will aid growth by providing exposure to weight loss drugs.
Spotify14% lower Tuesday after Spotify’s second-quarter results missed analysts’ expectations. Deutsche Bank wrote in a Wednesday note that the post-earnings selloff created an attractive entry point for investors.
Union Pacificnew CEO. The announcement overshadowed its second-quarter results, which missed estimates. The Omaha-based company reported $2.54 in adjusted earnings per share on $5.96 billion of revenue. Analysts surveyed by Refinitiv had penciled in $2.75 per share and $6.12 billion. Union Pacific blamed softening consumer markets, inflation, a one-time labor expense and increased workforce levels but said resource levels were more aligned with demand to finish the quarter.
— CNBC’s Hakyung Kim, Brian Evans, Yun Li, Tanaya Macheel, Alex Harring and Samantha Subin contributed reporting.