Stocks making the biggest moves after the bell: Microsoft, Starbucks, Alphabet

People wear protective face masks outside of Starbucks in Midtown as the city enters Phase 2 reopening after restrictions were imposed in New York City on June 23, 2020 to contain the coronavirus pandemic.

Noam Galai | Getty Images

Check out the companies that hit the headlines on Tuesday after the bell:

Microsoft – The tech giant’s shares were down 3.5% despite the company posting third-quarter results that beat analysts’ expectations. Microsoft achieved earnings per share of $ 1.95 on sales of $ 41.71 billion. Analysts polled by Refinitiv expected earnings per share of $ 1.78 on sales of $ 41.03 billion.

Alphabet – The tech titan’s stock rose 4.8% after the company released first-quarter results that beat analysts’ expectations. Google’s parent company had earnings per share of $ 26.29 on sales of $ 55.31 billion. Analysts polled by Refinitiv expected earnings per share of $ 15.82 on sales of $ 51.70 billion.

Visa – Shares in the financial services giant rose 2.2% after the company reported better-than-expected results for the second quarter of its fiscal year. Visa reported earnings per share of $ 1.38 on sales of $ 5.73 billion. Analysts surveyed by Refinitiv expected earnings per share of $ 1.27 on sales of $ 5.55 billion.

Starbucks – The coffee company’s stock fell 1.5% after the company posted mixed results for the fiscal year in the second quarter. Starbucks reported earnings per share of 62 cents on sales of $ 6.67 billion. Analysts polled by Refinitiv forecast earnings per share of 53 cents on sales of $ 6.82 billion.

Pinterest – Pinterest stock fell 10.3% after the social company missed user growth expectations for the first quarter. Pinterest reported 478 million monthly active users. Analysts surveyed by FactSet expected 480.5 million monthly active users.

AMD – The semiconductor company’s stock rose 3.3% on better-than-expected first quarter results. AMD posted earnings per share of 52 cents on sales of $ 3.45 billion. Analysts polled by Refinitiv expected earnings per share of 44 cents on sales of 3.21 billion US dollars.

Mondelez International – The snack food company’s shares rose 3.9% on first quarter results that beat analysts’ expectations. Mondelez achieved earnings per share of 77 cents on sales of $ 7.24 billion. Analysts polled by Refinitiv forecast earnings per share of 69 cents on sales of $ 7.02 billion.

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