After-hours movers: Microsoft, AMD, Alphabet, and Tesla
After-hours movers: Microsoft, AMD, Alphabet, and Tesla
GOOGL
-1.34%
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SBUX
+0.30%
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SYK
+0.74%
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AMD
-3.24%
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TSLA
+0.35%
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MSFT
-0.28%
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MDLZ
+0.82%
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After-Hours Stock Movers:
Microsoft (NASDAQ:MSFT) stock declined 1.2% despite reporting better than expected quarterly earnings per share and revenue, as cloud growth disappointed investors.
Google’s parent Alphabet Inc. (NASDAQ:GOOGL) declined 4% despite a better than expected headline print. Ad revenue likely disappointed investors. Meta Platforms (NASDAQ:META) and Snap (SNAP) were lower in sympathy.
AMD (NASDAQ:AMD) shares fell 3.3% after its forecast for first quarter revenue trailed estimates.
Mondelez (NASDAQ:MDLZ) declined 4% after it reported worse than expected EPS to end 2023. Fourth quarter revenue was in line.
Tesla (NASDAQ:TSLA) declined 2% after a judge voided Elon Musk’s $55 billion pay package.
Stryker (NYSE:SYK) climbed 3.5% after reporting better than expected earnings and revenue in the fourth quarter.
Starbucks (NASDAQ:SBUX) initially traded lower after it reported EPS and revenue that trailed estimates, but the stock reversed and gained 3%. Global comparable store sales increased 5%.
By Louis Juricic
