After-Hours Stock Movements: Microsoft Rises on Strong Earnings; Meta Falls Amid Missed Estimates
Several stocks experienced significant after-hours movements following their quarterly earnings reports. Microsoft shares rose nearly 3% as the company exceeded revenue expectations and reported strong Azure growth, with fiscal year 2026 Azure revenue surpassing $100 billion for the first time. In contrast, Meta Platforms saw its stock fall almost 10%, missing both EPS estimates and falling short of third-quarter revenue forecasts. Starbucks shares climbed over 5% after raising full-year guidance and reporting better-than-expected earnings and same-store sales growth. Carvana’s stock dropped sharply by 14% as it issued a lower-than-anticipated annual revenue forecast, while Fortinet surged more than 11%, outperforming expectations on both billings and profits. Other notable movers included Chipotle Mexican Grill (+3%), Lam Research (+6%), Robinhood (-4%), Qualcomm (-5%), MGM Resorts (+1%), and Align Technology (-6%). The mixed results reflect varied performance across sectors, with tech firms like Microsoft showing strong momentum while others faced downward pressure due to revenue or guidance misses.
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Topics: Carvana Chipotle Mexican Grill Fortinet Meta Platforms Microsoft Starbucks