In a day of mixed earnings reports, several major companies posted results that moved markets after the closing bell. T-Mobile US Inc. beat Wall Street expectations for new customer additions in the first quarter, signaling robust growth under its new CEO. The wireless carrier added more postpaid phone subscribers than analysts predicted, driven by competitive promotions and network expansion.
Starbucks Corp. boosted its full-year outlook after reporting better-than-expected quarterly sales, as its turnaround efforts in the U.S. gain traction. The coffee chain's same-store sales in its home market improved, fueled by new beverage launches and improved store operations.
Visa Inc. reported its strongest revenue growth since 2022, with quarterly revenue rising 11% year-over-year, driven by a surge in cross-border transaction volumes and resilient consumer spending. The payments giant also benefited from increased digital payment adoption.
Meanwhile, Humana Inc. shares fell after the health insurer reported a drop in Medicare Advantage enrollment, while Seagate Technology Holdings PLC jumped on strong demand for its cloud storage solutions.
The earnings season continues to provide insights into consumer behavior and corporate health, with companies navigating inflationary pressures and shifting demand patterns.