Stocks making the biggest moves after hours: MSFT, META, TSLA, LUV
Check out the companies making headlines in after-hours trading. Microsoft — Microsoft shares dropped almost 7% in extended trading. Cloud growth slowed in the fiscal second quarter , and the software giant gave light guidance for operating margin in the fiscal third quarter. Adjusted earnings came out at $4.14 per share, higher than consensus expectations of $3.97 per share, according to LSEG. Microsoft’s revenue of $81.27 billion for the quarter was also higher than the expected $80.27 billion. Southwest Airlines — Shares of the carrier jumped about 6% after Southwest Airlines forecasted a surge in 2026 profits on the back of its business model overhaul. Southwest said it expects to earn, at minimum, an adjusted $4 per share in 2026. That’s higher than the $3.19 analysts expected, according to estimates from LSEG. Meta Platforms — Shares of Meta added 9%. The social media giant called for first-quarter sales to range from $53.5 billion to $56.5 billion, topping the analysts’ consensus call for $51.41 billion. Fourth-quarter earnings came in at $8.88 per share on revenue of $59.89 billion, while the LSEG consensus sought $8.23 per share and $58.59 billion. Meta’s Reality Labs unit recorded a greater operating loss than expected . Tesla — Tesla shares gained 3% after the company posted better-than-expected fourth-quarter results . Tesla reported adjusted earnings of 50 cents per share on revenue of $24.9 billion, while analysts polled by LSEG expected 45 cents per share and revenue of $24.79 billion. To be sure, Tesla’s revenue for the year dropped 3% for the period, marking the first time on record the company has recorded an annual decline. Levi Strauss — The denim giant issued full-year earnings guidance that disappointed Wall Street, coming in at $1.40 to $1.46 per share. Analysts polled by FactSet sought $1.48 per share. The outlook overshadowed top- and bottom-line beats in the fourth quarter. Shares slid 2%. ServiceNow — The software stock fell more than 4% despite the company reporting fourth-quarter earnings that beat expectations . ServiceNow earned 92 cents per share on an adjusted basis on revenue of $3.57 billion. Analysts surveyed by LSEG anticipated it would earn 88 cents per share on $3.53 billion in revenue. The company estimates first-quarter subscription revenue will be in the range of $15.53 billion and $15.57 billion, which also topped estimates. Shares have been under pressure since the start of the year, declining 15% year to date, amid concerns that AI will hurt the profitability of software companies. International Business Machines — Shares jumped more than 7% in extended trading. IBM posted fourth-quarter adjusted earnings of $4.52 per share on revenue of $19.69 billion, while analysts polled by LSEG sought $4.32 per share on revenue of $19.23 billion. Revenue from software and infrastructure surpassed estimates from FactSet’s StreetAccount. CEO Arvind Krishna said in a release that IBM’s generative artificial intelligence book of business topped $12.5 billion. Las Vegas Sands — The casino operator saw shares tumble 9%. Net revenue in Macao came in at $2.06 billion in the fourth quarter, barely beating the StreetAccount consensus call for $2 billion. Separately, adjusted earnings of 85 cents a share on revenue of $3.65 billion surpassed the LSEG consensus estimate of 76 cents per share and $3.34 billion. — CNBC’s Darla Mercado and Christina Cheddar Berk contributed reporting.
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