- Stocks experienced significant trading and substantial price changes on Friday, with notable shifts seen in Microsoft Corp., Alphabet Inc., Intel Corp., and Snap Inc. among others.
- Microsoft Corp. saw an increase of $7.28 to $406.32, surpassing fiscal third-quarter financial results expectations. Alphabet Inc., Google’s parent company, also exceeded Wall Street’s first-quarter earnings forecasts, resulting in a rise of $15.95 to $171.95.
- On the other hand, Intel Corp. presented a disappointing earnings forecast for its current quarter, leading to a decrease of $3.23 to $31.88. Similarly, Boyd Gaming Corp. and Saia Inc. fell short of Wall Street forecasts, leading to substantial drops in their stock prices.
This article discusses the significant stock price changes observed on Friday, highlighting the performance of major companies such as Microsoft Corp., Alphabet Inc., and Intel Corp.
Microsoft and Alphabet Beat Forecasts
Microsoft Corp. and Alphabet Inc. both outperformed Wall Street’s expectations, leading to significant increases in their stock prices. Microsoft’s fiscal third-quarter financial results exceeded analysts’ forecasts, resulting in a stock price increase of $7.28 to $406.32. Alphabet Inc., Google’s parent company, also beat Wall Street’s first-quarter earnings forecasts, leading to a rise of $15.95 to $171.95.
Intel Corp. and Boyd Gaming Corp. Fall Short
Conversely, Intel Corp. and Boyd Gaming Corp. did not meet Wall Street’s expectations, leading to drops in their stock prices. Intel Corp. presented a disappointing earnings forecast for its current quarter, resulting in a decrease of $3.23 to $31.88. Boyd Gaming Corp., the owner of Las Vegas’ Aliante casino, earned less in the first quarter than analysts forecast, leading to a drop of $9.71 to $53.18.
Snap Inc. and Skechers USA Inc. Show Promise
Snap Inc., the owner of the Snapchat app, gave investors an encouraging revenue forecast, leading to a stock price increase of $3.15 to $14.55. Similarly, Skechers USA Inc.’s first-quarter financial results beat Wall Street forecasts, resulting in a rise of $6.59 to $65.41.
Conclusion
Friday’s stock market showed significant price changes, with some companies exceeding expectations and others falling short. Investors will likely keep a close eye on these stocks in the coming weeks to see if these trends continue.
