Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Q3 Earnings Roundup: How is the Herd Moving?
Views 4490 Contents 12

Stocks making the biggest moves after hours

$Microsoft(MSFT.US)$
— Shares jumped 2.5% after the maker of Windows software and Xbox video games reported fiscal first-quarter results that topped analysts' estimates. Microsoft posted earnings per share of $2.99 on $56.52 billion in revenue. Meanwhile, analysts had forecast EPS of $2.65 on $54.50 billion in revenue, according to LSEG, formerly known as Refinitiv. Microsoft's profit jumped due to slower operating expense growth, as well as better-than-expected revenue from its Azure cloud segment.
$Alphabet-C(GOOG.US)$
— The Google and YouTube parent fell more than 6% despite beating analysts' estimates on both top and bottom lines in the third quarter. Revenue growth reaccelerated to 11% from the previous quarter, the first time revenue reached double digits in four quarters. However, revenue from Google Cloud came in at $8.41 billion, well below consensus estimates of $8.64 billion, according to StreetAccount.
$Snap Inc(SNAP.US)$
— Snapchat's parent inched higher after its third-quarter results. Snap posted earnings of 2 cents per share on revenue of $1.19 billion. Analysts polled by LSEG had estimated a loss of 4 cents per share on revenue of $1.11 billion. CEO Evan Spiegel highlighted a return to sales growth during the quarter. Shares had initially surged as high as 20% in postmarket trading, before reversing gains as investors processed news that some advertisers had paused spending after the onset of the Israel-Hamas war.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
3
+0
Translate
Report
22K Views
Comment
Sign in to post a comment
    Professional Day Trader
    1202Followers
    38Following
    3485Visitors
    Follow