After-Hours Market Update: Microsoft and Chipotle Rise While Alphabet and Fortinet Slump
Extended trading saw significant volatility across major sectors following a wave of quarterly earnings reports. Microsoft (MSFT) led gains among mega-caps, rising 2% after beating revenue and earnings estimates, bolstered by 48% year-over-year growth in its Azure cloud business. Chipotle Mexican Grill (CMG) also saw a boost, climbing over 5% due to stronger-than-expected same-store sales. Conversely, Alphabet (GOOGL) shares fell 9% following a miss on total revenue and core search estimates, alongside negative free cash flow. Cybersecurity firm Fortinet (FTNT) experienced the sharpest decline, dropping 25% after missing gross margin expectations despite beating top and bottom-line figures. Other notable movers included ServiceNow (NOW), which tumbled 15% on an earnings miss, and Sprouts Farmers Market (SFM), which plunged 18%.
Tickers: $ALGN $CART $CMG $CVNA $DASH $F $FDX $FTNT $GOOGL $HONAV $MSFT $NOW $SFM
Topics: earnings mergers and acquisitions revenue guidance stock market movement
Part of the story Microsoft Reports Strong Q1 Fiscal 2027 Results Driven by Cloud Growth and AI Agent Adoption (9 articles)