Full coverage of Twitter's deal to sell itself to Elon Musk and earnings from Microsoft and Alphabet.
While the deal would heighten Twitter’s future credit risk, it could be good news for the company’s current bond holders. The firm said it would likely cut the rating by multiple notches if the deal goes through as expected. Elon Musk’s takeover plan for Twitter Inc. entails piling at least $13 billion of new loans onto the social-media company’s balance sheet, which would drop its credit rating deeper into junk territory, according to analyst reports.
Check out the companies making headlines in early morning trading. Enphase Energy — Shares of the solar microinverter maker jumped more than 8% during ...
Revenue guidance for all three of the company's business segments in the current quarter topped analysts' expectations. The company's results included a pre-tax impact of $192 million from gains on partnership card portfolios and lower-than-expected net interest margins. The payments firm reported adjusted earnings per share of $1.79 on revenues of $7.19 billion. Juniper Networks — The maker of networking technology saw its shares decline 6.1% after reporting first quarter earnings that came in slightly lower than analysts' estimates. Analysts anticipated earnings of $25.91 on revenues of $68.11 billion, according to Refinitiv. Enphase reported record revenue, and exceeded analyst expectations on the both the top and bottom line.
Shares of Alphabet Inc. Cl A shed 3.67% to $2285.89 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P.
Alphabet Inc. Cl A closed $745.04 short of its 52-week high ($3,030.93), which the company achieved on February 2nd. The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. AAPL, -0.15%fell 0.15% to $156.57, Microsoft Corp. MSFT,rose 4.81% to $283.22, and Meta Platforms Inc. FB,fell 3.32% to $174.95. Trading volume (4.5 M) eclipsed its 50-day average volume of 1.7 M. Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.