Stocks making the biggest midday moves: Microsoft, Alphabet, Boeing and more

Here are the stocks making headlines connected Wednesday, July 26.

Microsoft — The Xbox proprietor saw its shares descent 4% aft issuing quarterly gross guidance that fell short of analysts' expectations. The brushed gross outlook was partially owed to weakness successful the conception that contains Windows software. Microsoft did study net and gross that bushed Street estimates for the calendar 2nd quarter, however.

Alphabet — Shares of the Google genitor roseate much than 6% aft Alphabet bushed analysts' gross and nett successful the second quarter. The genitor institution of YouTube reported $1.44 successful net per stock connected $74.6 cardinal of revenue. Analysts surveyed by Refinitiv were expecting $1.34 per stock connected $72.82 cardinal of revenue.

Boeing — The aerospace company's shares jumped astir 6% and deed a caller 52-week precocious aft its second-quarter net announcement. Boeing's gross of $19.75 cardinal topped analysts' estimates of $18.45 billion, according to Refinitiv. The institution besides reported an 82-cent-loss per share, portion Refinitiv analysts had estimated a nonaccomplishment of 88 cents per share.

WW International — Shares of the value nonaccomplishment institution soared much than 18% after an upgrade to overweight from Morgan Stanley. The slope highlighted WW International's caller acquisition of Sequence, which expert Lauren Schenk said volition assistance maturation by providing vulnerability to value nonaccomplishment drugs.

Texas Instruments — Shares dropped 5% arsenic investors focused connected the company's guidance for the existent quarter. Texas Instruments said to expect betwixt $1.68 and $1.92 successful net per stock successful the existent quarter, meaning overmuch of the scope was beneath the $1.91 estimation of analysts polled by FactSet. Meanwhile, the institution guided gross to betwixt $4.36 cardinal and $4.74 cardinal against a FactSet statement estimation of $4.59 billion. However, the company's 2nd 4th results exceeded analysts' expectations.

Visa — The recognition paper banal slipped much than 1% contempt Visa beating estimates for its fiscal 3rd quarter. The institution reported $2.16 successful adjusted net per stock connected $8.12 cardinal of revenue. Analysts surveyed by Refinitiv were looking for $2.12 successful net per stock connected $8.06 cardinal of revenue. The institution did study that payments measurement maturation was slowing slightly.

Chubb — Shares of the security institution jumped much than 5% aft a stronger-than-expected second-quarter report. The institution posted $4.92 successful adjusted net per share, supra the $4.41 expected by analysts, according to Refinitiv. The nett premiums written for spot and casualty lines came successful astatine $10.68 billion, supra estimates of $10.64 billion.

Spotify — The euphony streaming company's shares gained 3.2% Wednesday. Shares closed 14% lower Tuesday aft Spotify's second-quarter results missed analysts' expectations. Deutsche Bank wrote successful a Wednesday note that the post-earnings selloff created an charismatic introduction constituent for investors.

PacWest – Shares of the assemblage slope surged much than 27% afterit agreed to beryllium acquired by Banc of California successful all-stock deal, which includes $400 cardinal successful equity from Warburg Pincus and Centerbridge. The combined holding institution volition run nether the Banc of California name. Shares of Banc of California roseate little than 1%.

Union Pacific – The railroad relation saw its shares leap 10% aft it named Jim Vena its new CEO. The announcement overshadowed its second-quarter results, which missed estimates. The Omaha-based institution reported $2.54 successful adjusted net per stock connected $5.96 cardinal of revenue. Analysts surveyed by Refinitiv had penciled successful $2.75 per stock and $6.12 billion. Union Pacific blamed softening user markets, inflation, a one-time labour disbursal and accrued workforce levels but said assets levels were much aligned with request to decorativeness the quarter.

Robert Half — Shares of the staffing consulting steadfast tumbled much than 5% aft Robert Half reported disappointing second-quarter results. The steadfast reported $1.00 successful net per stock connected $1.64 cardinal of revenue. Analysts surveyed by Refinitiv were expecting $1.14 per stock and $1.69 cardinal of revenue.

General Dynamics — The defence contractor climbed 3% aft General Dynamics reported better-than-expected second-quarter results. The institution logged $2.70 successful net per stock connected $10.15 cardinal of revenue. Analysts surveyed by Refinitiv had estimated $2.56 successful net per stock connected $9.46 cardinal of revenue.

CoStar Group — Shares of the commercialized existent property institution slid 7.4% aft reporting lighter-than-expected gross for the 2nd quarter, and softer guidance for the 3rd quarter. CoStar said it generated $605.9 cardinal successful gross during the 2nd 4th and expected betwixt $622 and $627 cardinal successful the third. Analysts estimated $607.3 cardinal and $623.4 cardinal for those respective periods, according to FactSet's StreetAccount.

KeyCorp — Shares of the Cleveland-based determination slope jumped much than 7%. Regional slope stocks moved broadly higher aft the woody betwixt Banc of California and PacWest.

— CNBC's Hakyung Kim, Brian Evans, Yun Li, Tanaya Macheel, Alex Harring and Samantha Subin contributed reporting.