Alphabet, Microsoft, Texas Instruments and more
Alphabet Inc Google’s logo in front of the company’s office in Beijing, China, 8 August 2018.
Thomas Peter | Reuters
Check out the companies featured in the after-hours newspaper.
Alphabet — The search engine parent fell 5.8% after Alphabet missed third-quarter earnings expectations and reported a drop in YouTube ad revenue. Alphabet earned $1.06 per share on revenue of $69.09 billion. Analysts polled by Refinitiv had expected earnings of $1.25 per share on revenue of $70.58 billion.
Microsoft — After that, shares fell by 2.7%. Microsoft reported weaker-than-expected cloud revenue in its most recent quarterly results, despite otherwise beating earnings and revenue forecasts.
Texas Instruments — Shares fell 5.7% after TI’s fourth-quarter revenue and earnings forecasts missed the average analyst’s consensus estimate, according to FactSet. Texas Instruments posted revenue of $5.24 billion in the third quarter, beating consensus estimates of $5.14 billion, according to Refinitiv consensus estimates.
Chipotle Mexican BBQ — Shares jumped 4.2% after Chipotle beat earnings expectations in its latest quarter, while also slightly missing revenue forecasts. The burrito chain raised menu prices in August.
Enphase Energy — The stock rose 4.7% after reporting a top- and bottom-line decline in its third-quarter earnings report, according to consensus estimates on FactSet.
Spotify — Streaming shares fell 6.9% after Spotify’s results missed earnings expectations, reporting a loss of 98 cents per share. Analysts had expected a loss of 84 cents per share, according to consensus estimates on FactSet.
#Alphabet #Microsoft #Texas #Instruments