Check out the companies making headlines in postmarket trading. Microsoft — The tech giant slipped 1% after releasing its quarterly results. Microsoft posted earnings of $2.93 per share on $62.02 billion in revenue. Analysts surveyed by LSEG had expected earnings of $2.78 per share and revenue of $61.12 billion. Revenue from Azure and other cloud services rose 30% on a yearly basis. Tesla – Shares of the electric vehicle company fell nearly 2%. A Delaware judge agreed to void Tesla CEO Elon Musk’s $56 billion compensation package . The decision involves a lawsuit filed by Richard Tornetta, a Tesla shareholder. Electronic Arts — The stock declined 3.3% after its fiscal third quarter revenue came in below estimates. EA reported $2.37 billion in revenue, while analysts had estimated $2.39 billion, according to LSEG. Alphabet — Shares fell around 5.8% on the company’s fourth quarter results . Google ad revenue came in at $65.52 billion, short of analysts’ expectations for $65.94 billion, per StreetAccount. Separately, Alphabet posted a beat on top and bottom lines. Mondelez — The snack company slipped more than 3% after reporting higher-than-expected adjusted earnings and revenue that was in line with analysts’ forecasts, per LSEG. Meanwhile, organic growth and volume in the Asia and North America markets came in lower than expected. Starbucks – The coffee chain advanced 3% in extended trading. Starbucks CEO Laxman Narasimhan noted in a statement that the company’s brand is strong, even as it faces “headwinds.” Starbucks’ fiscal first quarter adjusted earnings came in at 90 cents per share on revenue of $9.43 billion. This fell short of analysts’ expectations for 93 cents per share of earnings and revenue of $9.59 billion, per LSEG. Advanced Micro Devices — The chipmaker lost 4% following its fourth quarter earnings. The company’s adjusted earnings were in line with estimates, while revenue came in slightly above expectations, according to LSEG….
Read the full article here