Stocks were mixed Wednesday as investors awaited a policy update from the Federal Reserve on the economic recovery as well as earnings reports from Apple (AAPL) - Get Report and Facebook (FB) - Get Report.
Spotify (SPOT) - Get Report reported a narrower-than-expected loss for its latest quarter, exceeded revenue estimates, and posted a 24% increase in monthly active users. The stock was dropping nearly 10% at the last check on slowing user growth.
Here are some of the stocks TheStreet missed in the Wednesday morning earnings coverage and its performance amid trading.
Boston Scientific BSX | Up +4.76%
Boston Scientific reported earnings of $327 million, or 23 cents a share, in the quarter, up from $11 million, or 1 cent a share, in the year-earlier period.
The company expects full-year sales to grow 16% to 19% and present quarter sales to grow 46% to 50%.
Stanley Black & Decker SWK | Up 0.23%
Stanley Black & Decker (SWK) - Get Report on Wednesday reported a first-quarter net income of $487.4 million. Stanley Black & Decker shares have added about 16.5% since the beginning of the year versus the S&P 500's gain of 11.5%.
Garmin GRMN | Down -2.94%
"Interest in fitness, health, and active lifestyle products has never been higher, and we believe that we are well-positioned to capitalize on the opportunities ahead," said Chief Executive Cliff Pemble said in a statement.
Evercore EVR | Down -1.74%
Shares of Evercore (EVR) - Get Report were dropping even after it reported first-quarter earnings of $144.4 million, or $3.25 a share that exceeded analysts' expectations. The investment bank posted higher-than-expected revenue of $666.9 million for the March quarter.
Moody's MCO | Down -0.43%
Shares of Moody's (MCO) - Get Report were slipping after the company raised its FY2021 guidance following better-than-expected first-quarter earnings led by 30% growth in investor service segment revenue.