Check out the companies making headlines in extended trading. Meta Platforms — Shares tumbled almost 10% after the company posted earnings per share of $6.18 for the latest quarter, missing analysts’ estimates by $1.04 per share, according to LSEG. It also forecasted 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 were up about 3% after the company reported quarterly revenue of $90.01 billion, topping estimates of $87.62 billion, per LSEG. Azure growth of 43% at constant currency beat StreetAccount estimates of 40.2% growth. The company also said Azure revenue in the 2026 fiscal year surpassed $100 billion for the first time. Starbucks — The coffee retailer saw its shares jump 5% after the company raised its full-year outlook and reported growth in same-store sales of 7.9%. Earnings came in at 85 cents per share on an adjusted basis, beating analysts’ estimates of 66 cents per share, according to LSEG. Starbucks reported $9.32 billion in revenue for the quarter, versus $9.16 billion expected. Carvana — The online used-car retailer’s shares tumbled 14% after the company’s full-year earnings guidance of between $2.7 billion and $3 billion missed Wall Street’s expectations. Estimates included forecasts of $3 billion to $3.2 billion from Deutsche Bank and $4.45 billion from Morgan Stanley. Chipotle Mexican Grill — The burrito chain’s shares rose 3% as the company’s quarterly earnings showed a beat on the top and bottom lines. Chipotle also forecasted same-store sales for the full year will increase by a low single digit percentage, which is higher than its previous outlook of flat same-store sales for the year. Fortinet — The cybersecurity stock soared more than 11% as strong second-quarter billings helped the company to outpace analyst estimates. Fortinet earned 90 cents per share after adjustments on revenue of $2.05 billion. Analysts surveyed by LSEG predicted it would earn 75 cents per share on $1.89 billion. Its third-quarter forecast also solidly topped Wall Street’s expectations. Lam Research — Shares of semiconductor equipment manufacturer jumped more than 6% on the back of better-than-expected fiscal fourth-quarter results. Lam earned $1.82 per share, excluding items, on revenue of $6.72 billion. Robinhood — The trading platform’s stock fell about 4% despite reporting second-quarter revenue that was better than anticipated. Profits rose from a year ago as market volatility boosted trading activity. However, cryptocurrency trading volumes fell sharply as bitcoin and other tokens remain in a cyclical downturn. Qualcomm — The chipmaker saw its shares fall more than 5% on mixed quarterly results. Adjusted earnings of $2.21 per share were slightly off the analyst estimate of $2.23 per share, according to LSEG. Revenue of $9.95 billion beat the estimate of $9.67 billion. MGM Resorts — Shares were up nearly 1%. Second quarter results surpassed the Street’s estimates, with adjusted earnings of 59 cents per share and revenue of $4.45 billion. The LSEG consensus call was for 57 cents per share and $4.42 billion in revenue. Align Technology — The Invisalign maker’s shares fell 6% after the company reported quarterly earnings and revenue that just narrowly beat analysts’ estimates, per FactSet. The lower end of the company’s third quarter revenue guidance, between $1 billion and $1.02 billion, was lighter than the $1.02 billion analysts estimated. — CNBC’s Christina Cheddar-Berk and Ananya Chetia contributed reporting
