Welcome to Extreme Investor Network, where we provide you with the latest updates on companies making headlines in the finance world. Today, we’ll take a look at the after-hours trading activity of some key players in the market.
Microsoft, the tech giant, saw a 1% increase in its stock after beating Wall Street estimates in the fiscal first quarter. With earnings per share of $3.30 and revenue of $65.59 billion, Microsoft outperformed analyst expectations.
Booking Holdings, an online reservation company, experienced a nearly 6% jump in its shares after reporting adjusted earnings of $83.39 per share and revenue of $7.99 billion in the third quarter, surpassing analyst forecasts.
On the flip side, Starbucks saw its shares drop nearly 1% as global same-store sales decreased by 7% in the fiscal fourth quarter, with earnings falling short of expectations.
Meta Platforms, the parent company of Facebook, saw a 2% decline in its stock after reporting third-quarter user numbers that fell below analyst expectations.
Coinbase, the cryptocurrency trading platform, experienced a nearly 3% decrease in its shares after missing third-quarter estimates, reporting 28 cents in earnings per share on $1.21 billion in revenue.
Robinhood, the brokerage platform, tumbled 10% as its third-quarter results missed Wall Street’s expectations, with earnings of 17 cents per share on revenue of $637 million.
These are just a few of the companies that made waves in after-hours trading. Stay tuned to Extreme Investor Network for more updates on the latest market trends and stock movements. Happy investing!