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☆ Apple remains Buffett's biggest public stock holding, but his thesis about its moat faces questions
▼ + stars: | 2024-05-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +9 min

That's about four times bigger than Berkshire's second-biggest public stock holding, Bank of America , and makes the company the No. The bet on Apple and CEO Tim Cook has paid off handsomely for Buffett, who said in 2022 that the cost of Berkshire's Apple stake was only $31 billion. "So I called up Warren Buffett. "It's kind of more like an annuity and I think that's what Warren Buffett really sees as well." "When I buy Apple, I know that Apple is going to repurchase a lot of shares," he said in 2018.

Persons: Tim Cook, Warren Buffett, Berkshire Hathaway, behemoth, Buffett, He's, Cook, Apple, Warren, Ted Weschler, it's, Dan Eye, Buffett hasn't, Bernstein, Toni Sacconaghi didn't, Sacconaghi, Clayton Organizations: Warren Buffett Getty, CNBC, Berkshire, Apple, Bank of America, Buffett, Consumer Intelligence Research Partners, iPhone, Washington Post, Oracle, Fort Pitt Capital Group, Microsoft, The, Apple Watch, DOJ, Clayton Homes Locations: Omaha , Nebraska, Berkshire, Omaha, Cupertino , California, U.S

☆ Apple dominated Wall Street's buyback business even before its latest $110 billion
▼ + stars: | 2024-05-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

Apple's $110 billion stock buyback announcement Thursday is large, but the iPhone maker already dominated the league table of companies making the largest stock buybacks in the S & P 500, measured in dollar terms. In the last 12 months, Apple has bought back $84.5 billion in stock, far beyond anyone else in the S & P 500. Share count has gone from 26.2 billion in 2013 to 15.3 billion today, a reduction of 41%. Largest quarterly buybacks in history Apple (Q4 2020) $27.6 billion Apple (Q2 2021) $25.6 b Apple (Q3 2022) $24.7 b Apple (Q2 2022) $24.5 b Apple (Q1 2019) $23.8 b Source: S & PDowJonesIndices Buybacks are the preferred mode of returning cash In recent years buybacks have become the preferred method of returning cash to shareholders. $925 billion 2023 $815 b 2022 $950 b 2021 $919 b 2020 $538 b 2019 $749 b Source: Goldman Sachs

Persons: Goldman Sachs Organizations: Apple, Microsoft, Exxon Mobil, Chevron, Mobile, Comcast, Petroleum Locations: America

☆ Friday's analyst calls: Street reacts to Apple buybacks and Coinbase earnings
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +12 min

Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.

Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, —, Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's

☆ Apple CEO Tim Cook made $63 million last year — here's how that breaks down
▼ + stars: | 2024-05-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Apple CEO Tim Cook's base salary has been $3 million a year since 2016. His total compensation was $63.2 million in 2023, down from $99.4 million the previous year. AdvertisementApple chief Tim Cook has been paid an annual salary of just $3 million since 2016. However, the CEO of the second-most valuable US company also gets stock awards and a performance-based bonus, which boosts his overall earnings. His pay packet was made up of $46.9 million in stock awards and $10.7 million in non-equity incentive plan compensation.

Persons: Tim Cook's, —, Tim Cook, Cook, It's, Apple Organizations: Apple, Service, SEC, Forbes, Bloomberg, Developers Conference, Business Locations: China

☆ Apple on pace for best day since 2022 after earnings beat, $110 billion stock buyback
▼ + stars: | 2024-05-03 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Apple shares popped more than 6% on Friday morning after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program. If the gains hold until the market closes, it will be the best day for Apple shares since Nov. 30, 2022. The iPhone maker announced on Thursday it would repurchase $110 billion of its shares, the biggest buyback in U.S. history, surpassing Apple's prior repurchases. But overall sales decreased 4% and iPhone sales dropped 10% year over year during the quarter, indicating flagging demand for the smartphone's latest generation. Apple CEO Tim Cook told CNBC that quarterly sales suffered from a difficult comparison to the year-earlier period.

Persons: Tim Cook, Morgan Stanley, CNBC's Michael Bloom Organizations: Apple, CNBC, Bank of America, JPMorgan Locations: Mainland China, iPads, China

☆ Counterpoint Research: A lot of optimism on Apple earnings
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCounterpoint Research: A lot of optimism on Apple earningsTarun Pathak, research director at Counterpoint Research, discusses the tech giant's second-quarter results and its $110 billion share buyback announcement.

Persons: Tarun Pathak Organizations: Counterpoint Research

☆ A way to take profits and protect your post-earnings gain in Apple
▼ + stars: | 2024-05-03 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

Apple (AAPL) topped estimates on both revenue and earnings per share, but the $110 billion buyback was the catalyst for Friday's pop. Although I believe Apple is back on its road to recovery, I want to take some profits after getting long pre-earnings . AAPL YTD mountain Apple, YTD Buybacks have been a consistent and persistent theme for Apple over the years and should truly stabilize the iPhone maker short-term. Meaning if Apple settles above $190, my profits on these back-to-back Apple trades are the $15 dollars between the $175 strike and the $190 strike, plus the 69 cents I collected on this new call spread. DISCLOSURES: (Long Apple, sold spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Bob Pisani Organizations: Apple

☆ Wouldn't hold my breath for Apple AI developments: Yonder Consulting
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWouldn't hold my breath for Apple AI developments: Yonder ConsultingManfred Abraham, CEO of Yonder Consulting, helps dissect Apple's earnings, its plans for AI, and the biggest share buyback in U.S. history.

Persons: Manfred Abraham Organizations: Yonder Consulting

☆ Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%
▼ + stars: | 2024-05-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple announces largest-ever $110 billion share buyback as iPhone sales drop 10%Amit Daryanani, Evercore ISI senior managing director, Angelo Zino, CFRA Research senior equity analyst, and CNBC's Steve Kovach join 'Closing Bell Overtime' with Apple quarterly results.

Persons: Amit Daryanani, Angelo Zino, Steve Kovach Organizations: Apple, Research

☆ Mariner Wealth Advisors' Tim Lesko reacts to Apple's earnings beat and historic share buyback
▼ + stars: | 2024-05-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMariner Wealth Advisors' Tim Lesko reacts to Apple's earnings beat and historic share buybackTim Lesko, Mariner Wealth Advisors senior wealth advisor, joins 'Closing Bell Overtime' to talk Apple earnings after beating on top and bottom line and historic stock buyback.

Persons: Tim Lesko Organizations: Mariner Wealth Advisors

Banks jumped 0.8%, while oil and gas stocks retreated 1%. European stocks opened mixed on Thursday as global markets react to the U.S. Federal Reserve's latest monetary policy decision and a slew of corporate earnings. Federal Reserve Chair Jerome Powell said it was unlikely that the central bank's next move will be a rate hike. Asia-Pacific markets were mostly higher overnight as traders reacted to the Fed's stance, while U.S. stock futures advanced as investors looked ahead to more corporate earnings due Thursday. Dutch bank ING was 5% higher in early deals after announcing a 2.5 billion euro ($2.7 billion) share buyback.

Persons: Banks, Jerome Powell, It's, Vestas, Hugo Boss Organizations: U.S, U.S . Federal, Dow, region's, Novo Nordisk, Shell, ING, AXA, ArcelorMittal Locations: London, U.S ., Asia, Pacific, Europe

☆ We're raising our price target on Apple after its big earnings beat and raise
▼ + stars: | 2024-05-02 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Earnings per share rose 1% to $1.53, a March quarter record, and exceeded the LSEG consensus estimate of $1.50. This resulted in stronger-than-expected free cash flow, which is more important than operating cash flow because it is cash Apple can ultimately return to shareholders via buybacks and dividends. During the reported quarter, Apple paid over $27 billion to shareholders, including $3.7 billion in dividends and equivalents and another $23.5 billion via the repurchase of 130 million shares. Quarterly results Apple's services sales notched another record, which offset a slight miss in product sales and led to beats on gross and operating income. iPad sales are expected to gain double digits year over year, much better than the 5.9% expected on Wall Street.

Persons: Tim Cook, Cook, we're, Apple, Luca Maestri, Maestri, Jim Cramer's, Jim Cramer, Jim Organizations: Apple, Management, MacBook, MacBook Air, Apple Watch, Fortune, Apple Vision, KLM Airlines, CNBC, Apple Inc, Visual China, Getty Locations: China, Greater China, America, East, Canada, India, Spain, Turkey, Indonesia, WWDC, U.S, Australia, France, Germany, Japan, Shanghai

☆ Coterra's smart pivot to oil from natural gas leads to an excellent first quarter and sweeter outlook
▼ + stars: | 2024-05-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Coterra Energy Why we own it: Formed by the merger of Cabot Oil & Gas and Cimarex, Coterra Energy is an exploration-and-production company with a high-quality, diversified asset portfolio. In addition, we were pleased to see Coterra raise its full-year oil production outlook without moving its capex guidance. Coterra's mix of oil and natural gas acreage gives it the flexibility to adjust its drilling focus. However, the oil guide was higher and natural gas production was lighter than anticipated. Permian Basin rigs in 2020, when U.S. crude oil production dropped by 3 million a day as Wall Street pressure forced cuts.

Persons: It's, Coterra, Tom Jorden's, we've, We'll, Jim Cramer's, Jim Cramer, Jim, Paul Ratje Organizations: Coterra Energy, Revenue, LSEG, Cabot Oil & Gas, EQT Corp, Devon Energy, Oil, Texas, Coterra, CNBC, Afp, Getty Locations: U.S, repurchased, Houston, Marcellus

☆ Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico
▼ + stars: | 2024-05-01 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its "Core" teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned. The Core unit is responsible for building the technical foundation behind the company's flagship products and for protecting users' online safety, according to Google's website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers, and various engineering roles. Many Core teams will hire corresponding roles in Mexico and India, according to internal documents viewed by CNBC. Asim Husain, vice president of Google Developer Ecosystem, announced news of the layoffs to his team in an email last week.

Persons: Sundar Pichai, Asim Husain, Husain, Ruth Porat, Prabhakar Raghavan Organizations: Inc, Government, Society, Google, CNBC, Mexico City, U.S Locations: Stanford , California, India, Mexico, Sunnyvale , California, Bangalore, Brazil

☆ Cramer's Lighting Round: Dell is a buy
▼ + stars: | 2024-05-01 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Matterport's year-to-date stock performance. Stock Chart Icon Stock chart icon Nextracker's year-to-date stock performance. Stock Chart Icon Stock chart icon Dell's year-to-date stock performance. Stock Chart Icon Stock chart icon Okta's year-to-date stock performance. Stock Chart Icon Stock chart icon Ford's year-to-date stock performance.

Persons: You've Organizations: Dell Locations: Ford

☆ Dividends and buybacks are in the spotlight. Goldman Sachs names global stocks to play the theme
▼ + stars: | 2024-04-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

Balance sheets "look healthy," cash flow generation is "attractive," and dividends and buybacks are set to be resilient, Goldman Sachs says. But not all stocks offering buybacks and dividends are equal, Goldman said. "For example, year-to-date, high buyback yield stocks have outperformed low buyback stocks. In contrast, high dividend yield stocks underperformed low dividend yield stocks," it said. It highlighted its baskets of buyback stocks for a diversified strategy.

Persons: Goldman Sachs, Goldman, CNBC's Michael Bloom Locations: Europe

☆ Top Wall Street analysts favor these 3 stocks for their growth potential
▼ + stars: | 2024-04-28 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Earnings season is giving analysts plenty to chew on as they learn more about the impact of macro challenges on companies. Though Wall Street is watching short-term stock moves spurred by quarterly results, the top analysts have their eyes on companies' long-term prospects. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Despite Netflix's growth investments, the analyst expects an improvement in operating margin this year and beyond. Looking ahead, the analyst is positive about the company's ability to maintain annual revenue growth in the mid-teens, along with a very capital-efficient growth model.

Persons: Brian Pitz, Pitz, TipRanks, Goldman Sachs, Mark Delaney, Delaney, Baird, David Tarantino, Tarantino Organizations: Netflix Netflix, BMO Capital, Netflix, CTV, General Motors, EV, TAM, U.S Locations: U.S, Canada, North America

☆ Warren Buffett loves dividend-paying stocks, but Berkshire doesn't pay one — Here's why
▼ + stars: | 2024-04-28 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett is a fan of buying dividend-paying stocks, but his conglomerate Berkshire Hathaway doesn't offer a payout itself, despite its tens of billions cash. But the main reason Berkshire doesn't pay a dividend is that the Oracle of Omaha has been confident in his ability to deploy capital in more profitable ways. Apple , which accounts for more than 40% of the portfolio, pays a 0.6% dividend yield. But even the hundreds of thousands of Class B, or "Baby Berkshire," shareholders voted no by 47 to 1. "I think they expect us to do whatever we think makes sense for all shareholders," Buffett said in 2023.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, I'd, Berkshire Organizations: Berkshire, Oracle, CNBC, Apple, Bank of America, Coca Cola, Chevron, American Express Locations: Berkshire, Omaha, buybacks

☆ Here are 5 sectors of the market that are working and the stocks that stand out in each
▼ + stars: | 2024-04-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

Federal Reserve Chairman Jerome Powell met with the press after the March Federal Open Market Committee (FOMC) meeting, which was pretty fraught. Data centers If there is the whiff of a data center or anything in one, the stock goes higher. It's why Meta stock is a buy a tad lower as stocks tend to revisit those kinds of declines. I worry about Club stock Stanley Black & Decker for this reason, but the dividend will keep it propped up for now. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: what's, Jerome Powell, Powell, Powell isn't, Voltaire, Vertiv, Eaton, Meta, It's, jetsam, Darius Adamczyk, Vimal, Stanley Black, Decker, Azek, Morgan Stanley, Wells, Charlie Scharf, Wells Fargo, Chipotle, that's, Johnson, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Federal, Market, Broadcom, Google, Microsoft, Nvidia, Travel American Express, Raytheon, GE Aerospace, Royal, AAR, Honeywell, Southwest Airlines, Housing, Stanley, JPMorgan, Procter, Gamble, Colgate, Merck, Bristol, Myers, PepsiCo, Energy, Coterra Energy, Diamondback, drillers, CNBC Locations: California, Royal Caribbean, Delta, Devon

☆ 12 portfolio companies report earnings in the week ahead. What we want to hear from each
▼ + stars: | 2024-04-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.

Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York

☆ Microsoft's bullish PC outlook makes us want to buy more of this electronics retailer
▼ + stars: | 2024-04-26 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. But Jim Cramer said Friday that he "asked for granularity and we got it." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: CNBC, Federal, Microsoft, Nvidia, Nasdaq

☆ Alphabet's first-ever dividend, $70 billion buyback another sign of Big Tech's maturation: Analyst
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet's first-ever dividend, $70 billion buyback another sign of Big Tech's maturation: AnalystBob O'Donnell, Technalysis president and chief analyst, discusses Alphabet's first-ever dividend and $70 billion buyback, saying it's "yet another sign of … the maturation of these Big Tech companies."

Persons: Bob O'Donnell, Alphabet's Organizations: Big Tech

☆ Alphabet soars 10% on strong earnings, first-ever dividend, $70 billion buyback
▼ + stars: | 2024-04-26 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. Alphabet shares shot up 10% Friday morning after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend and a $70 billion buyback. Earnings of $1.89 per share eclipsed the $1.51 in earnings per share expected by Wall Street. The company said the board also approved the repurchase of an additional $70 billion in stock. Among other price target boosts for the stock following Alphabet's earnings, JPMorgan increased its price target to $200 from $165, while Evercore ISI upped its target to $200 from $160.

Persons: Sundar Pichai, Oppenheimer, Morgan Stanley, durably, — CNBC's Michael Bloom Organizations: Google, LSEG, Wall, YouTube, Barclays, —, JPMorgan Locations: Mountain View , California

☆ Stocks making the biggest moves midday: Microsoft, Alphabet, Exxon Mobil, Snap and more
▼ + stars: | 2024-04-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Earnings of $1.89 per share beat the $1.51 in earnings per share anticipated by analysts polled by LSEG. Exxon Mobil — The energy stock fell more than 2% after Exxon Mobil posted first-quarter adjusted earnings that missed analysts' forecasts. Revenue of $83.08 billion topped estimates of $78.35 billion. ResMed — Shares soared 17% after fiscal third-quarter results topped analysts' estimates. Snap — Shares soared 28% after the social media company posted adjusted earnings and revenue that defied analysts' expectations, per LSEG.

Persons: FactSet, LSEG, Skechers, Roku, Rowe Price, —, Samantha Subin, Alex Harring, Lisa Kailai Han, Sarah Min Organizations: Microsoft —, Google, LSEG, Exxon Mobil, Intel, Revenue, Charter Communications, Technologies, Management Locations: LSEG .

☆ Stocks making the biggest moves premarket: Alphabet, Microsoft, Intel, Snap and more
▼ + stars: | 2024-04-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Earnings of $1.89 per share topped the $1.51 in earnings per share anticipated by analysts polled by LSEG. Revenue of $80.54 billion topped expectations of $78.59 billion. Revenue of $83.08 billion topped estimates of $78.35 billion. Otherwise, Chevron's earnings of $2.93 per share topped the consensus estimate of $2.87 in earnings per share. Charter Communications — The broadband and cable provider dropped 3.4% after first-quarter earnings came in weaker than anticipated.

Persons: Snap's, Chevron's, LSEG, AutoNation, AbbVie, Skechers, FactSet, — CNBC's Michelle Fox, Alex Harring, Tanaya Macheel, Jesse Pound Organizations: Microsoft, LSEG, Intel —, Intel, Exxon Mobil, Chevron, Colgate, Palmolive, Revenue, Charter Communications, Charter Locations: LSEG .

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