Check out the companies that made headlines in after-hours trading: Microsoft — The tech giant fell nearly 4% after its fiscal second-quarter earnings outlook disappointed investors. Microsoft’s outlook is for revenue to be in the range of $68.1 billion to $69.1 billion. Analysts polled by LSEG had expected $69.83 billion. Booking Holdings — The online booking company’s stock rose about 6%. For the third quarter, the company reported adjusted earnings of $83.39 per share and revenue of $7.99 billion, compared to the expectations of analysts surveyed by LSEG of earnings of $77.52 per share and revenue of $7.63 billion. Starbucks — Shares fell nearly 1%. The coffee chain announced a 7% decline in global same-store sales in its fiscal fourth quarter due to weak demand in the United States and China. Results for the period were disappointing, with revenue of $9.07 billion, or 80 cents per share. Analyst estimates compiled by LSEG were for earnings of $1.03 per share and revenue of $9.36 billion. Meta Platforms — Facebook’s parent company fell 2% after Meta reported third-quarter user numbers that fell short of Street expectations. According to Meta, the number of daily active users in the third quarter was 3.29 billion, lower than the 3.31 billion expected by analysts. Coinbase — The cryptocurrency trading platform fell nearly 3% after missing analysts’ third-quarter estimates. Coinbase reported earnings of 28 cents per share and revenue of $1.26 billion, compared to estimates of analysts surveyed by LSEG of 41 cents per share and revenue of $1.26 billion. It was reported to be $10 million. Robinhood — The brokerage platform’s stock price fell 10% after its third-quarter results fell short of Wall Street expectations. Robinhood reported earnings of 17 cents per share on revenue of $637 million. Analysts surveyed by LSEG were looking for earnings of 18 cents per share and revenue of $658 million. eBay — Weak guidance weighed on the e-commerce company, sending the stock down 7%. eBay expects fourth-quarter earnings to be between $1.17 and $1.22 per share on revenue of between $2.53 billion and $2.59 billion. Analyst estimates compiled by LSEG were for earnings of $1.22 per share and revenue of $2.65 billion. DoorDash — Shares of the food delivery company fell about 1% in after-hours trading. DoorDash’s third-quarter revenue and bottom line beat analysts’ expectations, with earnings of 38 cents per share and revenue of $2.71 billion. Analysts surveyed by LSEG had expected earnings of 22 cents a share and revenue of $2.66 billion. Carvana — The used car retailer’s stock rose more than 20% after Carvana beat analysts’ third-quarter estimates. The company reported earnings of 64 cents per share on revenue of $3.66 billion. Analysts polled by LSEG had expected earnings of 25 cents a share and revenue of $3.45 billion. Etsy — The e-commerce stock rose more than 12%. Etsy’s board of directors has approved a $1 billion stock buyback. Etsy also beat expectations for third-quarter revenue of $662.4 million, compared to the $652.5 million expected by analysts surveyed by LSEG. MGM Resorts — The casino operator’s stock fell 5% following disappointing financial results. MGM Resorts reported third-quarter adjusted earnings of 54 cents per share, compared to the 61 cents per share expected by analysts surveyed by LSEG. Revenue also missed target, coming in at $4.18 billion versus the Street’s forecast of $4.21 billion. — CNBC’s Darla Mercado and Jordan Novet contributed reporting.
Stocks whose prices fluctuate significantly after hours: MSFT, META, SBUX, COIN
