Stocks making the biggest moves midday: Microsoft, Alphabet, Exxon Mobil, Snap and more

Check out the companies making headlines in midday trading. Microsoft — Shares jumped 2% after the tech giant reported better-than-expected fiscal third-quarter results as its Azure business continued to show momentum. Alphabet — The Google-parent company rallied 10%. Alphabet posted first-quarter results that topped estimates and authorized its first-ever dividend, as well as a $70 billion buyback. Earnings of $1.89 per share beat the $1.

Snap — Shares soared 28% after the social media company posted adjusted earnings and revenue that defied analysts' expectations, per LSEG. Snap's revenue grew 21% in the quarter, spurred by regrowth in its digital advertising business. Charter Communications — The broadband and cable provider slipped 2% on weak first-quarter results. Charter earned $7.55 per share on $13.68 billion in revenue, below the Street's estimates of $7.92 a share in earnings and $13.

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