Companies Making Waves in After-Hours Trading
Several companies have captured attention in after-hours trading due to their recent quarterly results, showcasing a mix of strong performances and notable declines.
International Business Machines (IBM)
IBM’s shares skyrocketed 9% following impressive fourth-quarter earnings. The tech giant reported adjusted earnings of $3.92 per share alongside revenues reaching $17.55 billion. This surpassed analyst expectations of $3.75 per share in earnings and $17.54 billion in revenue, according to LSEG. CEO Arvind Krishna revealed that the company’s generative artificial intelligence division experienced nearly $2 billion in growth quarter over quarter.
Meta Platforms
Meta Platforms’ stock increased approximately 5% following the release of fourth-quarter results that exceeded both earnings and revenue forecasts. The company reported earnings of $8.02 per share with revenues of $48.39 billion, surpassing the consensus estimates of $6.77 per share and $47.04 billion, respectively. In a separate development, The Wall Street Journal reported that former President Donald Trump has signed settlement agreements requiring Meta to pay around $25 million concerning a 2021 lawsuit.
Microsoft
Shares of Microsoft dipped nearly 2%, despite reporting stronger-than-expected top- and bottom-line results. The company’s Azure cloud services experienced a 31% growth in the fiscal second quarter; however, this was just shy of the anticipated 31.1% growth, according to StreetAccount.
Tesla
Tesla’s stock rose over 2% even as the company reported fourth-quarter earnings that fell short of expectations. They posted adjusted earnings of 73 cents per share on revenues of $25.71 billion, while analysts were forecasting 76 cents per share and $27.27 billion in revenue.
ServiceNow
Shares of ServiceNow plummeted more than 7% after its fourth-quarter performance met analysts’ expectations but did not exceed them. The company secured earnings of $3.67 per share, excluding certain items, on $2.96 billion in revenue, aligning with LSEG’s projections.
Whirlpool
Whirlpool’s shares fell 12% following a quarterly report that revealed a significant decline in revenue. The company announced net sales of $4.14 billion, falling short of the $4.24 billion analysts had anticipated, according to FactSet. Whirlpool is planning to trim costs by $200 million in 2025.
Wolfspeed
Wolfspeed saw a slight increase in stock value as it reported second-quarter results that surpassed expectations. The company posted an adjusted loss of 95 cents per share with revenues of $180.5 million, beating the analyst forecast of a $1.02 loss per share on revenues of $179.9 million, according to LSEG.
Lam Research
Lam Research’s stock surged nearly 6% after the semiconductor manufacturer reported stronger-than-expected second-quarter earnings. The company delivered adjusted earnings of 91 cents per share, slightly higher than the anticipated 88 cents, though revenue figures fell short of expectations.
Western Digital
Western Digital’s shares dipped almost 2% after revealing second-quarter earnings that disappointed investors. Adjusted earnings of $1.77 per share did not meet the consensus estimate of $1.78, even though revenue of $4.29 billion exceeded the expected $4.26 billion.
Levi Strauss
Levi Strauss experienced a 7% drop in stock value after providing disappointing full-year guidance, despite posting stronger-than-expected fourth-quarter results. The apparel company anticipates earnings per share of between $1.20 to $1.25 for the fiscal year ending November 2025, which is lower than the $1.37 estimate from StreetAccount. Levi also expects a 1% to 2% decrease in sales for 2025 compared to 2024.
Nvidia
Nvidia’s shares rebounded by more than 1% after recovering from a 4.1% decline the previous day. The stock has been volatile, following a dramatic 17% plunge earlier in the week—the largest single-day drop for a U.S. company—amid worries regarding spending on AI technology and competition.
Las Vegas Sands
In a surprising turn, Las Vegas Sands’ stock surged more than 9% despite posting mixed fourth-quarter results. The company reported earnings of 54 cents per share on revenues of $2.9 billion, which fell slightly short of the anticipated earnings of 58 cents per share on $2.87 billion in revenue.
The trading activity around these companies underscores the dynamic nature of the current market and highlights how earnings reports can significantly impact stock performances.