Stocks making the biggest moves midday: Microsoft, Visa, Enphase Energy, Boeing and more

cnbc.com:

In this article

Check out the companies making headlines in midday trading.

Enphase Energy — Shares jumped more than 8% after Enphase topped earnings expectations on the top and bottom lines. The energy company reported record revenues, and said it's setting its sights on Europe as a growth area during the ongoing war in Ukraine.

Visa — Shares of the credit card company jumped over 7% following a stronger-than-expected quarterly report. Visa reported adjusted earnings per share of $1.79 on revenues of $7.19 billion. Analysts expected $1.65 adjusted earnings per share and $6.83 billion in revenue, according to Refinitiv. The company cheered a continued recovery in travel spending and said there's no evident impact on its global payments volumes from inflation and supply chain disruptions.

Mastercard — Shares for Mastercard jumped nearly 6% on the back of competitor Visa's strong earnings report. The payments company is expected to disclose its own quarterly earnings on Thursday.

Microsoft — Microsoft's stock price surged 6.5% after the company reported an earnings beat in its most recent quarter. The company's revenue guidance for each of Microsoft's three business segments also exceeded the expectations of analysts surveyed by FactSet's StreetAccount.

CME Group — Shares popped over 6% after CME Group surpassed expectations on the top and bottom lines in its most recent quarter. The company also reaffirmed guidance for the 2022 fiscal year.

F5 Inc — The app security company's share price tumbled more than 12% despite the firm reporting earnings that topped analysts' expectations. The company cut revenue guidance for its 2022 fiscal year.

Boeing — Shares of the aircraft maker lost more than 8% after the company reported