Check out the companies that made headlines in after-hours trading: Chipotle Mexican Grill — The burrito chain had mixed results this quarter, with its shares down 3%. Chipotle reported adjusted earnings of 27 cents per share, beating the 25 cents per share expected by analysts surveyed by LSEG. Revenue for the period was $2.79 billion, slightly below analysts’ expectations of $2.82 billion. The company’s same-store sales rose 6% in the quarter, also below expectations. Alphabet — Google’s parent company’s stock rose 4% after the company beat Wall Street’s highest and final estimates. Alphabet had revenue of $88.27 billion and earnings per share of $2.12, compared to analyst estimates compiled by LSEG of revenue of $86.3 billion and earnings of $1.85 per share. The corporate tech giant’s revenue was up 15% year-on-year, stronger than the year-ago period, as Google Cloud’s revenue beat expectations. Snap — the maker of the instant messaging app soared nearly 8%. Third-quarter adjusted earnings were 8 cents per share on revenue of $1.37 billion. Analysts had expected earnings of 5 cents a share and revenue of $1.36 billion. Snap also announced a $500 million stock repurchase program. Qorvo — The semiconductor solutions provider’s stock fell 15%. Qorvo issued disappointing third-quarter earnings guidance, expecting adjusted earnings to be in the range of $1.10 to $1.30 per share, compared to analysts polled by LSEG’s forecast of $1.92 per share. He said that Company management said that Qorvo’s fiscal 2025 sales and gross profit margin are expected to decrease slightly compared to fiscal 2024. However, Qorvo’s fiscal second quarter profit and revenue exceeded expectations. Visa — The global payments company beat earnings and revenue expectations for its fiscal fourth quarter, sending its stock up about 1.5%. Visa posted adjusted earnings of $2.71 per share on revenue of $9.62 billion. Analysts polled by LSEG had expected earnings of $2.58 per share and sales of $9.49 billion. The company also increased its quarterly dividend by 13% to 59 cents. Advanced Micro Devices — The semiconductor company’s stock fell 7%. According to LSEG, AMD’s fourth-quarter revenue guidance was $7.5 billion, narrowly meeting The Street’s forecasts. Adjusted earnings for the third quarter were 92 cents per share, in line with analyst expectations. Reddit — The social media company posted strong sales and bottom line gains in the third quarter, sending its stock price up 18%. Reddit reported earnings of 16 cents per share on revenue of $348 million, while analysts had expected a loss of 7 cents per share on revenue of $313 million, per LSEG. The company also issued a rosy outlook for the fourth quarter. First Solar — The solar panel maker fell 3% after lowering its full-year outlook. First Solar also missed Wall Street expectations in the third quarter, posting earnings of $2.91 per share and revenue of $888 million. Analysts had expected LSEG to report earnings of $3.14 per share and revenue of $1.08 billion. Electronic Arts — The video game company’s stock rose nearly 2%. Electronic Arts reported fiscal second quarter earnings per share of $1.11. This compares to $1.47 per share in the year-ago period. Net bookings were $2.08 billion, up from $1.82 billion in the year-ago period. Correction: A previous version incorrectly compared Electronic Arts’ GAAP revenue to the Street’s non-GAAP estimates.
