The emblem of Alphabet Inc’s Google outdoor the corporate’s workplace in Beijing, China, August 8, 2018.
Thomas Peter | Reuters
Take a look at the corporations making headlines after the bell.
Alphabet — Stocks tumbled greater than 6% in prolonged buying and selling after Google’s mum or dad corporate reported an income omit. The company reported income of $24.62 in line with percentage and revenues of $68.01 billion. Refinitiv analysts had been anticipating income of $25.91 and revenues of $68.11 billion.
Robinhood — Stocks of the retail brokerage fell greater than 5% in prolonged buying and selling after Robinhood stated it’s chopping again on personnel, consistent with a weblog submit from CEO Vlad Tenev on Tuesday. The corporate cited “replica roles and process purposes” after it expanded ultimate yr.
Microsoft — Stocks dipped 0.4% in prolonged buying and selling after Microsoft reported income that exceeded expectancies. The tech massive reported income of $2.22 in line with percentage, in comparison to $2.19 income in line with percentage anticipated via analysts, consistent with Refinitiv. Revenues got here in at $49.36 billion, as opposed to the $49.05 billion anticipated.
Enphase Power — Stocks jumped greater than 6% in prolonged buying and selling after the sun tech corporate reported quarterly effects. Enphase reported income of 79 cents in line with percentage, in comparison to analyst expectancies of 67 cents in line with percentage, consistent 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 Large Tech names right through the buying and selling consultation. The social media corporate is predicted to record quarterly income on Wednesday.
Qualcomm — Stocks of the semiconductor inventory dipped 1.8% after hours, extending losses from the common buying and selling consultation. Qualcomm is predicted to record quarterly income after the bell on Wednesday.
Visa — Stocks jumped 4.8% after the bills corporate posted an income beat at the best and backside strains. Visa expects commute restoration will proceed to spice up enlargement.