Advertisement
Skip to Content
Global News Select

Stocks to Watch: Microsoft, Canadian National Railway, Stride, Precigen

By Kathryn Hardison

 

Microsoft Corp. on Tuesday reported its slowest sales growth in more than six years as demand for its software and cloud services cooled on economic concerns in the recent quarter. Shares declined 1% in after-hours trading.

 

Canadian National Railway Co. said it expects its 2023 per-share earnings growth to be in the low single-digit range due to a softer economic outlook. Shares fell 3.7% in after-hours trading.

 

Stride Inc. reported revenue growth in the latest quarter, driven by strength in enrollment, increases in revenue per enrollment and growth in adult learning. It also raised its revenue outlook for fiscal 2023. Shares climbed 16% in after-hours trading.

 

Precigen Inc. said it has commenced an underwritten public offering for about $75 million of its common stock. Shares declined 15% in after-hours trading.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

January 24, 2023 18:56 ET (23:56 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Market Updates

Our Picks