Check out the companies making headlines in after-hours trading. Alphabet — Shares of the Google parent jumped nearly 5% on the back of strong results , which included better-than-expected Google Cloud revenue and YouTube advertising revenue. Alphabet earned $3.10 per share, on an adusted basis, topping the $2.33 per share estimate from LSEG. The search giant’s revenue for the period came out at $102.35 billion, while analysts expected $99.89 billion in revenue. MGM Resorts — The casino hotel operator tumbled 6% postmarket Wednesday after third-quarter earnings fell short of estimates, hurt by declining visits to Las Vegas. It earned 24 cents per share after adjustments on revenue of $4.25 billion. Analysts expected MGM to earn 40 cents per share on $4.23 billion of revenue. Meta — Shares of Facebook parent Meta dropped nearly 9% after market close, despite having posted a beat on top and bottom lines . Meta reported adjusted earnings of $7.25 per share on revenue of $51.24 billion for the third quarter, while analysts polled by LSEG expected $6.69 per share on $49.41 billion in revenue. The company said it took a nearly $16 billion one-time charge during the period tied to U.S. President Donald Trump’s Big Beautiful Bill and said it expects its capital expenditures to be higher in 2026 compared to this year. Chipotle — Shares of the Mexican food chain fell more than 13% after it cut its same-store sales forecast for the third-straight quarter. Chipotle said it has been seeing a decline in visitors to its restaurants. The company now expects fiscal 2025 same-store sales to be down by a low-single digit percentage rate. Microsoft — Microsoft shares dipped 2%, even though the tech giant posted better-than-expected results for its fiscal first quarter as revenue in its Azure cloud business jumped 40%. Microsoft earned $4.13 per share, after adjustments, on revenue of $77.67 billion, while analysts polled by LSEG expected $3.67 per share on revenue of $75.33 billion. ServiceNow — ServiceNow lifted its full-year outlook, citing strong AI demand, leading the stock about 3% higher in after-hours trading. The software solutions provider reported adjusted earnings of $4.82 per share on revenue of $3.41 billion. Analysts expected it to earn $4.27 per share on $3.35 billion in revenue. Starbucks — Starbucks shares slipped less 1% after posting weaker-than-expected earnings . The coffee chain said its same-store sales grew for the first time in nearly two years, helped by its international sales. Starbucks earned 52 cents per share, excluding items, on $9.57 billion in revenue. While profit fell short of the 56 cents per share LSEG estimate, revenue topped the $9.35 billion forecast. Carvana — Shares of the car e-commerce platform dropped 9% despite reporting better-than-expected revenue as the number of retail units it sold jumped 44% during the third quarter. The company also said it earned $1.50 per share after adjustments, but it wasn’t immediately clear if those results were comparable to the analyst’s consensus forecast. Cleveland-Cliffs — The steel producer’s stock tumbled more than 8% after Cleveland-Cliffs announced it would sell 75 million shares. Proceeds from the proposed offering will be used to repay debt. Sprouts Farmers Market — The natural and organic grocery chain slid more than 20% in late trading after third-quarter same-store sales and revenue fell short of Wall Street projections, according to consensus estimates compiled by FactSet. Fourth-quarter earnings per share and same-store sales guidance also missed expectations. Ebay — Shares of the online marketplace company dropped about 5% after the company gave a weaker-than-expected fourth-quarter earnings forecast. However, third-quarter results beat on both the top and bottom lines. Ebay reported earnings, excluding items, of $1.36 per share, while analysts expected $1.33 per share, per LSEG. The company posted revenue of $2.82 billion, also surpassing the consensus expectation of $2.73 billion. — CNBC’s Scott Schnipper and Christina Cheddar Berk contributed reporting.
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