The brand of Alphabet Inc’s Google outdoors the corporate’s workplace in Beijing, China, August 8, 2018.
Thomas Peter | Reuters
Take a look at the businesses making headlines after the bell.
Alphabet — Shares tumbled greater than 6% in prolonged buying and selling after Google’s parent company reported an earnings miss. The agency reported earnings of $24.62 per share and revenues of $68.01 billion. Refinitiv analysts had been anticipating earnings of $25.91 and revenues of $68.11 billion.
Robinhood — Shares of the retail brokerage fell greater than 5% in prolonged buying and selling after Robinhood stated it’s cutting back on staff, in line with a weblog put up from CEO Vlad Tenev on Tuesday. The corporate cited “duplicate roles and job features” after it expanded final 12 months.
Microsoft — Shares dipped 0.4% in prolonged buying and selling after Microsoft reported earnings that exceeded expectations. The tech large reported earnings of $2.22 per share, in comparison with $2.19 earnings per share anticipated by analysts, in line with Refinitiv. Revenues got here in at $49.36 billion, versus the $49.05 billion anticipated.
Enphase Energy — Shares jumped greater than 6% in prolonged buying and selling after the photo voltaic tech firm reported quarterly outcomes. Enphase reported earnings of 79 cents per share, in comparison with analyst expectations of 67 cents per share, in line with Refinitiv.
Meta Platforms — Meta’s inventory worth dropped greater than 4% in prolonged buying and selling following sharp declines for the Nasdaq Composite and Massive Tech names through the buying and selling session. The social media firm is predicted to report quarterly earnings on Wednesday.
Qualcomm — Shares of the semiconductor inventory dipped 1.8% after hours, extending losses from the common buying and selling session. Qualcomm is predicted to report quarterly earnings after the bell on Wednesday.
Visa — Shares jumped 4.8% after the funds firm posted an earnings beat on the highest and backside traces. Visa expects journey restoration will proceed to spice up progress.