After-Hours Market Movements: Key Companies in Focus
In after-hours trading, several major companies are making headlines, reflecting mixed performances in their latest quarterly results.
Alphabet Inc. Takes a Hit
Shares of Alphabet, the parent company of Google, experienced a steep decline of 7.4%. The tech giant’s fourth-quarter revenue landed at $96.47 billion, falling short of the $96.56 billion forecast made by analysts at LSEG. Despite this revenue miss, Alphabet reported an earnings per share (EPS) of $2.15, which surpassed the expected $2.13.
Chipotle Mexican Grill Faces Soft Sales
Chipotle’s stock plummeted by nearly 5% after reporting that fourth-quarter same-store sales increased less than anticipated. The company cautioned investors to expect only low- to mid-single-digit growth in fiscal 2025. Chipotle posted adjusted earnings of 25 cents per share against revenue of $2.85 billion, aligning with analysts’ expectations for revenue but slightly lower than hoped for in sales growth.
Electronic Arts Surprises with Strong Earnings
Despite the overall market fluctuation, Electronic Arts saw a 1% increase in its stock price following impressive third-quarter results. The company announced earnings of $1.11 per share on net bookings revenue of $2.22 billion, although it fell short of analysts’ projections for both earnings and revenue.
Advanced Micro Devices (AMD) Experiences Decline
AMD’s shares fell by 4% after revealing that its fourth-quarter data center revenue was below expectations, reported at $3.9 billion compared to a consensus estimate of $4.14 billion. However, the company exceeded expectations for earnings, reporting an adjusted EPS of $1.09 on total revenue of $7.66 billion.
Lumen Technologies Surges Ahead
Lumen Technologies saw its stock rise by 8% as it delivered fourth-quarter earnings that surpassed expectations. The company reported adjusted earnings of 9 cents per share and revenue of $3.33 billion, both notably better than analysts’ forecasts of a loss per share of 5 cents on revenue of $3.20 billion.
Mondelez International Falters
Shares of Mondelez International, known for popular products like Sour Patch Kids and Oreo cookies, fell nearly 4% in after-hours trading. The company’s fourth-quarter results came in lower than Wall Street’s expectations, with adjusted earnings of 65 cents per share on revenue of $9.60 billion, missing the anticipated earnings of 66 cents and revenue of $9.64 billion. Furthermore, Mondelez has warned of a projected 10% decline in 2025 adjusted EPS due to "unprecedented cocoa cost inflation."
Mattel Shines with Strong Performances
Mattel enjoyed a significant 9% boost in its stock as fourth-quarter results far exceeded expectations. The toymaker reported earnings of 35 cents per share (excluding items) on revenue of $1.65 billion, surpassing analysts’ projections of 20 cents per share on revenue of $1.63 billion. The company anticipates a revenue increase of 2% to 3% for 2025 on a constant currency basis.
Snap Sees Gains Following Positive Results
Shares of Snap climbed nearly 8% after the company reported fourth-quarter results that exceeded expectations. Snap achieved adjusted earnings of 16 cents per share and revenue of $1.56 billion, surpassing the anticipated 14 cents per share and revenue of $1.55 billion.
In summary, this reporting period has showcased a tapestry of performance, with each company presenting its unique narrative amid the stock market’s ebb and flow.
