Workflow
Dow Surges Over 100 Points; Microsoft Shares Fall After Q1 Results - CPI Aerostructures (AMEX:CVU), Cambium Networks (NASDAQ:CMBM)
MicrosoftMicrosoft(US:MSFT) Benzingaยท2025-10-30 17:06

Market Overview - U.S. stocks showed mixed performance with the Dow Jones index gaining over 100 points, up 0.28% to 47,763.34, while NASDAQ fell 1.02% to 23,714.33 and S&P 500 dropped 0.45% to 6,859.64 [1] - Financial shares increased by 1%, while consumer discretionary stocks decreased by 1.3% [1] Company Performance - Microsoft Corp. reported first-quarter revenue of $77.7 billion, an 18% year-over-year increase, surpassing the consensus estimate of $75.3 billion. Quarterly earnings per share were $4.13, exceeding the estimate of $3.67 [2] - Microsoft anticipates second-quarter sales between $79.50 billion and $80.60 billion, slightly above market estimates of $79.95 billion [3] Commodity Market - Oil prices decreased by 0.7% to $60.05, while gold prices increased by 0.6% to $4,026.10. Silver rose by 1.3% to $48.525, but copper fell by 2.7% to $5.1235 [6] Notable Stock Movements - Guardant Health, Inc. shares surged 29% to $93.31 after reporting better-than-expected third-quarter results and raising FY25 sales guidance [9] - Cambium Networks Corporation shares jumped 107% to $6.11 following the integration of its network solution with Starlink services [9] - CPI Aerostructures, Inc. shares rose 51% to $3.5656 after receiving an order from Raytheon [9] - Thryv Holdings, Inc. shares dropped 21% to $9.30 due to weak quarterly earnings [9] - Sprouts Farmers Market, Inc. shares fell 26% to $77.80 after reporting disappointing third-quarter sales and issuing lower fourth-quarter EPS guidance [9] - FMC Corporation shares plummeted 44% to $16.34 after lowering FY2025 earnings and sales guidance [9] International Markets - European shares declined, with the eurozone's STOXX 600 down 0.40% and Spain's IBEX 35 Index falling 1.16% [7] - Asian markets closed mostly lower, with Japan's Nikkei 225 gaining slightly by 0.04%, while Hong Kong's Hang Seng fell 0.24%, China's Shanghai Composite dipped 0.73%, and India's BSE Sensex declined 0.70% [10]