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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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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