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Check out the companies making headlines in postmarket trading. Microsoft – The tech giant slipped 1% after releasing its quarterly results. Microsoft reported earnings of $2.93 per share on revenue of $62.02 billion. Analysts surveyed by LSEG, formerly known as Refinitiv, had expected earnings of $2.78 per share and revenue of $61.12 billion. Revenue from Azure and other cloud services grew 30% year-on-year. Tesla – Shares of the electric vehicle company fell nearly 2%. A Delaware judge agreed to throw out Tesla CEO Elon Musk’s $56 billion compensation package. The decision involves a lawsuit filed by Tesla shareholder Richard Tornetta. Electronic Arts – The stock fell 3.3% after fiscal third-quarter revenue came in below estimates. According to LSEG, EA reported revenue of $2.37 billion, while analysts had expected $2.39 billion. Alphabet – Shares fell about 5.8% on the company’s fourth-quarter results. Google ad revenue came in at $65.52 billion, according to StreetAccount, below analysts’ expectations of $65.94 billion. Separately, Alphabet posted a beat on the top and bottom lines. The snack company slipped more than 3% after reporting adjusted earnings that beat expectations and revenue in line with analysts’ forecasts, according to Mondelez-LSEG. Meanwhile, organic growth and volumes in markets in Asia and North America fell short of expectations. Starbucks — The coffee chain advanced 3% in extended trading. Starbucks CEO Laxman Narasimhan said in a statement that the company’s brand remains strong, even though it faces “headwinds.” Starbucks’ fiscal first-quarter adjusted earnings came in at 90 cents a share on revenue of $9.43 billion. That fell short of analysts’ expectations of earnings per share of 93 cents and revenue of $9.59 billion per LSEG. Advanced Micro Devices – The chip maker lost 4% after its fourth-quarter earnings. According to LSEG, the company’s adjusted earnings were in line with estimates, while revenue was slightly above expectations. Revenue guidance for the first quarter came in below expectations. AMD said it expected revenue of $5.4 billion, compared with estimates of $5.73 billion. Stryker – The medical tech company jumped 4%. Stryker reported adjusted earnings of $3.46 per share on revenue of $5.82 billion, while analysts were calling for earnings of $3.27 per share and revenue of $5.6 billion, according to FactSet. The company also issued rosy guidance for the full year. Skyworks Solutions – The chip supplier rose 3% based on its fiscal first-quarter results. Skyworks’ adjusted earnings per share beat estimates, while revenue came in line with expectations. CEO Liam Griffin said the company is seeing signs of improvement in the Android smartphone market. Powell Industries – The power infrastructure equipment maker surged nearly 13% after reporting fiscal first-quarter earnings of $1.98 per diluted share, compared with 10 cents per diluted share a year earlier. Revenue was $194 million, an increase of 53% from a year earlier. Robert Half – The staffing agency declined 9.5% in the postmarket after FactSet said it forecast first-quarter earnings of 54 cents to 68 cents per share, compared with analysts’ consensus estimate of 78 cents. Teradyne – The maker of electronic test equipment and robotics fell more than 6% after hours. First-quarter guidance for earnings of 22 cents to 38 cents a share missed the FactSet consensus analyst estimate of 54 cents a share. It was also below the minimum estimate of 48 cents. Revenue outlook remained below minimum estimates. — CNBC’s Darla Mercado and Scott Schnipper contributed reporting.
