Check out the companies that make headlines in their expanded trading. Microsoft – The technology giant’s inventory rose more than 6% with better than expected third-quarter results and continuation of the final results. Microsoft won $3.46 per share with $70.7 billion in revenue, while analysts voted by LSEG were looking for $3.22 per share and revenues of $68.4 billion. Meta Platform – Facebook’s parent stock has risen by more than 5%. Meta is estimated if analysts reporting earnings of $6.43 per share and revenue of $423.1 billion. Analysts surveyed by LSEG were expecting a profit of $5.28 per share against $41.4 billion in revenue. Meta also increased its full-year capital expenditure from $72 billion to $64 billion in order to continue investing in data centers to generate artificial intelligence. Nvidia’s shares won more than 2% shortly after Meta’s spending plan. Amazon – E-commerce company’s shares have won over 2% following news that Amazon is planning to invest its small town last mile distribution network in Buildin. MGM Resort – Casino operators checked almost 3% after first quarter revenue exceeded analyst estimates. MGM reported adjusted earnings per share of 69 cents, with analysts voted by LSEG looking for 46 cents. However, first quarter revenues of $4.28 billion missed analyst consensus and sought $400 billion. Robinhood – Stocks on the trading platform pulled back below 1% despite better than expected first quarter results. Robinhood won 37 cents per share with revenue of $927 billion. Analysts voted by LSEG were looking for revenue of $923 million, 33 cents per share. Qualcomm – Soft guidance on revenues showed the weight of chipmaker stocks, falling 6%. Qualcomm believes its third quarter revenues are at a midpoint of $10.3 billion. Analysts voted by LSEG sought sales of $10.35 billion. Outlook’s narrow mistakes overshadowed the beats on the top and bottom line of the second quarter. Sprouts Farmers Market – Organic food retailers slipped nearly 5%. Sprouts’ revenue of $2.24 billion in the first quarter was slightly above the $2.21 billion forecast of analysts voted by FactSet. The company’s outlook for comparable store sales growth for the current quarter is in the range of 6.5% to 8.5%, with the lower end of the band losing its consensus estimate of 7.0%. —CNBC’s Darla Mercado contributed to this report.
