Stocks trending after hours: Microsoft, Alphabet, Chipotle and more

Alphabet (GOOGL): Shares of Google’s parent company fell in extended trading after the company missed Wall Street estimates on the top and bottom lines. Sales for the quarter was $69.09 billion, up 6% from a year ago. Earnings were $1.06 a share. YouTube advertising revenue fell from the previous quarter to $7.1 billion, below analyst expectations for $7.4 billion. Morningstar Senior Equity Analyst Ali Mogharabi told Yahoo Finance the results were ‘disappointing’ and reflected the slowdown in ad spending.

Microsoft (MSFT): The tech giant reported its slowest quarterly revenue growth in 5 years as a weakening PC market and the strong dollar weighed on results. Softer cloud sales was also a focus for investors in extended trading with Azure’s revenue growth decelerating to 35% during the quarter. Revenue from its Intelligent Cloud business, which includes Azure, totaled $20.3 billion. RBC Capital Markets Software Equity Analyst Rishi Jaluria told Yahoo Finance that the…

Continue Reading →

This article was written by and originally published on finance.yahoo.com