Major Wall Street indices recorded mixed performance on Wednesday as investors and traders assessed the latest set of corporate earnings, including that of Microsoft Corp (NASDAQ: MSFT) which provided weak guidance during its earnings call. The Nasdaq Composite closed 0.18% lower, while the S&P 500 lost 0.018%. The Dow Jones ended marginally in the green. Meanwhile, the following are the five stocks that are drawing investors’ attention:
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1. Tesla Inc (NASDAQ: TSLA): Shares of Tesla gained 5.44% in extended trading on Wednesday after the company reported its quarterly earnings which marked the highest revenue, operating income and net income in company history. Tesla reported fourth-quarter revenue of $24.32 billion, which was up 37% year-over-year and beat a Street estimate of $24.16 billion. Its adjusted earnings per share stood at $1.19, beating a Street estimate of $1.13.
2. Amazon.com, Inc. (NASDAQ: AMZN): Shares of Amazon closed 0.89% higher on Wednesday. The retail giant’s workers at a warehouse in central England walked out on Wednesday, registering their protest over pay, reported Reuters. This is the first time the company’s operations in Britain have faced strike action.
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3. Shopify Inc (NYSE: SHOP): Shopify shares closed 10.87% higher and gained another 1.23% on Wednesday after the company announced monthly price increases for multiple plans. Shopify said it’s updating pricing for its Basic, Shopify and Advanced plans beginning Wednesday.
4. IBM (NYSE: IBM): Shares of IBM fell 2.12% in extended trading on Wednesday. The company reported fourth-quarter revenue of $16.69 billion, which beat average analyst estimates of $16.4 billion. Its adjusted earnings of $3.60 per share were in line with consensus estimates. The company plans to reduce around 3,900 jobs that represent 1.5% of its global workforce, reported Bloomberg.
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5. ServiceNow Inc (NYSE: NOW): Shares of the company closed 1.21% higher but lost 2.85% in extended trading on Wednesday. ServiceNow said fourth-quarter revenue jumped 20% year-over-year to $1.94 billion, in line with average analyst estimates.
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