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After-hours movers: Microsoft, AMD, Alphabet, and Tesla

January 30, 2024 4:58 PM

After-Hours Stock Movers:

Microsoft (NASDAQ: MSFT) stock declined 1.2% despite reporting better than expected quarterly earnings per share and revenue, as cloud growth disappointed investors.

Google’s parent Alphabet Inc. (NASDAQ: GOOGL) declined 4% despite a better than expected headline print. Ad revenue likely disappointed investors. Meta Platforms (NASDAQ: META) and Snap (NYSE: SNAP) were lower in sympathy.

AMD (NASDAQ: AMD) shares fell 3.3% after its forecast for first quarter revenue trailed estimates.

Mondelez (NASDAQ: MDLZ) declined 4% after it reported worse than expected EPS to end 2023. Fourth quarter revenue was in line.

Tesla (NASDAQ: TSLA) declined 2% after a judge voided Elon Musk’s $55 billion pay package.

Stryker (NYSE: SYK) climbed 3.5% after reporting better than expected earnings and revenue in the fourth quarter.

Starbucks (NASDAQ: SBUX) initially traded lower after it reported EPS and revenue that trailed estimates, but the stock reversed and gained 3%. Global comparable store sales increased 5%.

By Louis Juricic

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