Stocks making the biggest moves after hours: Microsoft, Meta Platforms, Starbucks, Coinbase and more
Check out the companies making headlines in extended trading: Microsoft — The technology giant slid nearly 4% after its revenue guidance for the fiscal second quarter disappointed investors. Microsoft’s outlook called for revenue to range between $68.1 billion to $69.1 billion. Analysts polled by LSEG sought $69.83 billion. Booking Holdings — Shares of the online reservation company jumped almost 6%. In the third quarter, the company reported adjusted earnings of $83.39 per share and revenue of $7.99 billion, while analysts surveyed by LSEG expected $77.52 in earnings per share and $7.63 billion in revenue. Starbucks — Shares ticked nearly 1% lower. The coffee chain said its global same-store sales dropped 7% in the fiscal fourth quarter, as demand in the U.S. and China sagged. Results in the period disappointed, with earnings coming in at 80 cents per share on revenue of $9.07 billion. Analysts polled by LSEG were looking for $1.03 per share in earnings and $9.36 billion in revenue. Meta Platforms — The Facebook parent company pulled back 2% after Meta posted third-quarter user numbers that fell short of the Street’s expectations. Meta said it had 3.29 billion daily active people in the third quarter, missing analysts’ forecast for 3.31 billion. Coinbase — The cryptocurrency trading platform was almost 3% lower after missing analysts’ third-quarter estimates . Coinbase reported 28 cents in earnings per share on $1.21 billion in revenue, compared to a forecast from analysts surveyed by LSEG that called for 41 cents in earnings per share and $1.26 billion in revenue. Robinhood — Shares of the brokerage platform tumbled 10% as third-quarter results missed Wall Street’s expectations. Robinhood reported earnings of 17 cents per share on revenue of $637 million. Analysts polled by LSEG sought 18 cents per share in earnings and $658 million in revenue. eBay — Weak guidance weighed on the e-commerce company, dragging shares lower by 7%. Ebay forecast fourth-quarter earnings to range between $1.17 and $1.22 per share on revenue of $2.53 billion to $2.59 billion. Analysts polled by LSEG were looking for $1.22 per share in earnings and $2.65 billion in revenue. DoorDash — Shares of the food delivery company were roughly 1% lower in extended trading. DoorDash surpassed analysts’ estimates on the top and bottom lines in the third quarter, with earnings of 38 cents per share and $2.71 billion in revenue. Analysts surveyed by LSEG were looking for 22 cents per share in earnings and $2.66 billion in revenue. Carvana — Shares of the used-car seller advanced more than 20% after Carvana topped analysts’ third-quarter estimates. The company posted 64 cents per share in earnings and $3.66 billion in revenue. Analysts polled by LSEG sought earnings of 25 cents per share and revenue of $3.45 billion. Etsy — The e-commerce stock gained more than 12%. Etsy’s board of directors approved a $1 billion stock buyback . Etsy also beat third-quarter revenue estimates with $662.4 million, while analysts polled by LSEG were expecting $652.5 million. MGM Resorts — Shares of the casino operator tumbled 5% on disappointing results. MGM Resorts reported adjusted earnings of 54 cents for the third quarter, while analysts polled by LSEG predicted 61 cents per share. Revenue also missed the mark, coming in at $4.18 billion, versus the Street’s estimate for $4.21 billion. — CNBC’s Darla Mercado and Jordan Novet contributed reporting.
