After the market closed, several companies caught attention. Qualcomm, for instance, saw its stock drop 5%, despite reporting third-quarter earnings that beat expectations. They posted adjusted earnings of $2.77 per share, with revenues of $10.37 billion—above the projected $2.71 per share and $10.35 billion from analysts. Meanwhile, Microsoft reported fourth-quarter revenue of $3.65 per share, causing its stock to jump 7%. This surpassed analysts’ expectations of $3.37 per share and the revenue expectation of $73.81 billion.
Then there’s Meta Platforms, whose stock increased by 9% after providing a positive outlook for the third quarter, expecting revenues between $47.5 billion and $50.5 billion. They also reported second-quarter revenues that exceeded analysts’ consensus estimates. On the flip side, Ford Motor Company saw a decline of 4% after detailing its vision for the 2025 revenue outlook before interests and taxes, which didn’t seem to impress investors.
ARM Holdings faced an 8% drop after announcing first-quarter revenues of $1.05 billion, which was below the expected $1.06 billion. Their adjusted revenue of 35 cents per share aligned with expectations, but the overall news seemed disappointing. Conversely, F5, a cybersecurity company, enjoyed a 9% rise after reporting third-quarter adjusted earnings of $4.16 per share, against $780 million in revenue. Analysts had projected $3.50 per share and $758 million in revenue.
Carvana’s stock surged 16% after its second-quarter results surpassed expectations. They reported earnings of $1.28 per share, exceeding the consensus of $1.11, though their revenue of $4.84 billion was slightly above the anticipated $4.59 billion. On the other hand, Robinhood, the brokerage platform, surpassed Wall Street estimates with a profit of 42 cents per share and $989 million in revenue, prompting about a 1% stock increase.
Align Technology, however, fell sharply by 35% after reporting revenues that were below analyst expectations. Their revenue edged up from $965 million to $985 million, but that didn’t placate investors. In lighter news, Sprouts Farmers Market’s stock rose nearly 3% in after-hours trading, as their second-quarter revenue and earnings per share broke past analyst estimates.
eBay’s stock spiked 10% after reporting second-quarter earnings that exceeded expectations, with adjusted revenue at $1.37 per share compared to the $1.30 analysts had predicted. Their revenues also surpassed the forecast of $2.644 billion, hitting $2.73 billion. Western Digital experienced a 4% boost as they reported fourth-quarter results that exceeded expectations; they had adjusted revenues of $1.66 per share against an expected $1.48, with total revenue reaching $2.61 billion, surpassing the $2.47 billion consensus.
