Try the businesses making headlines in after-hours buying and selling: Chipotle Mexican Grill — The burrito chain reported combined quarterly outcomes and shares dipped 3%. Chipotle reported adjusted earnings of 27 cents per share, exceeding expectations of 25 cents a share from analysts polled by LSEG. Income got here out at $2.79 billion for the interval, simply shy of analysts’ forecast of $2.82 billion. The corporate’s same-store gross sales rose 6% for the quarterly interval, additionally falling wanting estimates. Alphabet — Shares of the Google father or mother added 4% after the corporate exceeded Wall Avenue’s top- and bottom-line estimates . Alphabet posted earnings of $2.12 per share on income of $88.27 billion, whereas analysts polled by LSEG anticipated earnings of $1.85 per share on $86.30 billion in income. The megacap tech titan noticed its income develop 15% yr over yr, stronger than the identical quarter final yr, as Google Cloud income beat expectations. Snap — The maker of the moment messaging app jumped practically 8%. Third-quarter adjusted earnings got here in at 8 cents per share, whereas income was $1.37 billion. Analysts have been in search of 5 cents a share in earnings and income of $1.36 billion. Snap additionally introduced a $500 million inventory repurchase program. Qorvo — Shares of the semiconductor options supplier dropped 15%. Qorvo issued disappointing earnings steering for the fiscal third quarter, saying it expects adjusted earnings to return out within the vary of $1.10 to $1.30 a share, whereas analysts polled by LSEG anticipated $1.92 a share. The corporate’s administration stated it expects Qorvo’s fiscal 2025 income and gross margin to be barely down in comparison with fiscal 2024. Qorvo’s fiscal second-quarter earnings and income exceeded estimates, nevertheless. Visa — The worldwide funds firm beat earnings and income expectations for the fiscal fourth quarter, driving shares up about 1.5%. Visa posted adjusted earnings of $2.71 per share on income of $9.62 billion. Analysts polled by LSEG anticipated earnings of $2.58 per share on income of $9.49 billion. The corporate additionally elevated its quarterly dividend by 13% to 59 cents. Superior Micro Gadgets — Shares of the semiconductor firm slid 7%. AMD gave fourth-quarter income steering of $7.5 billion, merely assembly the Avenue’s estimates, per LSEG. Adjusted earnings for the third quarter got here in at 92 cents per share, consistent with analysts’ expectations. Reddit — The social media firm posted beats on the highest and backside traces within the third quarter, sending shares increased by 18%. Reddit reported earnings of 16 cents per share on income of $348 million, whereas analysts anticipated a lack of 7 cents per share and income of $313 million, per LSEG. The corporate additionally issued a rosy forecast for the fourth quarter. First Photo voltaic — The photo voltaic panel producer tumbled 3% after reducing its full-year steering. First Photo voltaic additionally missed Wall Avenue’s expectations within the third quarter, posting earnings of $2.91 per share on income of $888 million. Analysts sought $3.14 per share in earnings and income of $1.08 billion, per LSEG.
