Microsoft, Texas Devices, Capital One and extra
A building housing Microsoft offices is seen on January 18, 2023 in Chevy Chase, Maryland.
Saul Loeb | AFP | Getty Images
Check out the companies making headlines after the bell:
Microsoft – The tech giant saw shares rise 4% in extended trading after the company reported second-quarter results that beat analysts’ estimates, on the back of strong growth at its cloud unit. Microsoft’s overall revenue rose 2% year over year in the quarter, but that’s the slowest rate since 2016.
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capital one — The financial stock fell more than 1% in extended trading after the company posted a loss in earnings. Capital One reported net income per diluted common share of $3.03 last quarter, compared to $3.87 expected by analysts polled by FactSet. Total net sales of $9.04 billion are slightly below the estimate of $9.07 billion.
Texas Instruments — Chip stock rose under 1% in extended trading after the company reported quarterly results that beat expectations. Texas Instruments reported earnings of $2.13 per share, according to FactSet, beating expectations of $1.98 per share. Sales were also above analysts’ estimates.
Canadian National Railway – Canadian National Railway saw its shares down more than 4% in extended trading, despite quarterly results beating expectations. The company reported EPS of $2.10 in Canadian dollars, compared to FactSet’s estimate of $2.08. Revenue of CA$4.54 billion was also higher than the CA$4.49 billion forecast by analysts.