Cloud Hosting

By MarketWatch

Here are some of the day's biggest movers:

Stock gainers:

Microsoft Corp. shares (MSFT) rallied 4% after the company posted better-than-expected growth in the company's Azure cloud-computing unit.

Stock decliners:

Alphabet Inc.'s stock (GOOG) (GOOGL) dropped 7% after the Google parent's better-than-expected results were overshadowed by the relatively weak performance for the company's Google Cloud platform.

SunPower Corp. shares (SPWR) fell 9% after the solar-power company said it would have to restate some results as it overstated some inventory.

Shares of Texas Instruments Inc. were 5% lower after the company missed quarterly forecasts and guided to earnings below Wall Street estimates.

Teladoc Health Inc. shares (TDOC) fell 7% after the virtual-care company reported a narrower-than-expected quarterly loss but revenue fell short of estimates.

-MarketWatch

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

10-25-23 0527ET

Visit link:
Microsoft shares surge on bumper growth in cloud-computing unit as ... - Morningstar