– Microsoft beat estimates by 25 cents with quarterly earnings of $2.17 per share, while revenue beat estimates as well on continued strong growth in the company's cloud computing business. Microsoft continues to benefit from the pandemic shift to working and learning from home. Microsoft added 1.4% in premarket trading. – Starbucks earned an adjusted $1.01 per share for its latest quarter, beating the 78 cent consensus estimate, with revenue beating forecasts as well.
Visa benefited from the rebound in spending on travel and entertainment, but the stock slid 1.3% in premarket trading. – AMD shares rose 2.3% in premarket action as the chipmaker forecast current-quarter revenue above analyst expectations. It predicts strong demand for chips used in gaming consoles and data centers, following a quarter that saw it beat Street estimates on the top and bottom lines. – Mattel beat estimates for its latest quarter, and also raised its full-year forecast.
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