Meta shares tumble 10% on earnings miss while Microsoft and Starbucks rise after hours

Earnings Impact 4
โดย CNBC·Read original
Summary · why it matters

Meta Platforms shares tumbled almost 10% in extended trading after the company reported earnings per share of $6.18, missing analysts' estimates by $1.04 per share, and forecast third-quarter revenue between $61 billion and $64 billion, the lower end of which is lighter than the $63.15 billion estimated by analysts. Microsoft shares rose about 3% after quarterly revenue of $90.01 billion topped estimates of $87.62 billion, with Azure growth of 43% at constant currency beating StreetAccount estimates of 40.2% growth, and the company said Azure revenue in the 2026 fiscal year surpassed $100 billion for the first time. Starbucks shares jumped 5% after the coffee retailer raised its full-year outlook and reported same-store sales growth of 7.9%, with adjusted earnings of 85 cents per share beating estimates of 66 cents per share and revenue of $9.32 billion exceeding the $9.16 billion expected. Carvana shares tumbled 14% after the online used-car retailer's full-year earnings guidance of between $2.7 billion and $3 billion missed Wall Street expectations, which included forecasts of $3 billion to $3.2 billion from Deutsche Bank and $4.45 billion from Morgan Stanley. Other notable movers included Fortinet soaring more than 11% on strong billings, Lam Research jumping more than 6% on better-than-expected results, and Qualcomm falling more than 5% on mixed quarterly results.

Impact on stocks 13

Consumer Discretionary± Mixed · 5 stocks
Carvana Co
CVNA
▼ NegativeCapitalrelevance

Full-year earnings guidance missed Wall Street expectations.

Starbucks Corporation
SBUX
▲ PositiveCapitalrelevance

Starbucks raised its full-year outlook and beat earnings and revenue estimates, sending shares up 5%.

Artificial Intelligence± Mixed · 4 stocks
Qualcomm Incorporated
QCOM
▼ NegativeCapitalrelevance

Qualcomm reported mixed quarterly results, causing shares to fall more than 5%.

Cybersecurity & Digital Trust▲ · 1 stocks
Fortinet Inc
FTNT
▲ PositiveDemandrelevance

Strong billings indicate robust customer demand.

Semiconductors▲ · 1 stocks
Aging Population▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks

Theme Impact 2

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