After-Hours Trading Update: Key Company Performances
Investors are reacting to mixed earnings results among several major companies in after-hours trading. Here are the highlights of the significant movements and announcements.
Alphabet Exceeds Expectations
Alphabet, the parent company of Google, saw a notable stock gain of approximately 5%. The company reported earnings of $2.81 per share alongside $90.23 billion in revenue for the first quarter, surpassing analyst expectations of $2.01 per share and $89.12 billion in revenue.
Intel’s Outlook Disappoints
In contrast, Intel’s stock fell nearly 6% after the company shared a weaker-than-expected outlook for upcoming quarters. Intel forecasts revenue of about $11.8 billion, significantly short of the anticipated $12.82 billion, which dulled investor sentiment. The company also mentioned plans for cutting operational and capital expenditures.
Mixed Results for Gilead Sciences
Gilead Sciences experienced a drop of over 3%, attributed to its first-quarter revenue falling below expectations. The company recorded sales of $6.67 billion, against an anticipated $6.81 billion, but its earnings were slightly better than expected.
T-Mobile Faces Stock Decline
Despite beating earnings and revenue forecasts, T-Mobile experienced a decline of more than 5%. The company reported 495,000 postpaid phone additions, which disappointed analysts who had expected around 504,000 new subscribers.
Skechers Withdraws Guidance
Skechers saw its stock decline by approximately 6% following the release of underwhelming first-quarter revenue figures. Additionally, the company withdrew its 2025 financial guidance citing uncertainty in the macroeconomic environment, specifically referring to global trade policies, although their earnings exceeded analysts’ expectations.
VeriSign Declines Post-Earnings
VeriSign’s stock decreased nearly 2% after announcing its first cash dividend since 2011 along with its earnings report. The company posted earnings of $2.10 a share and revenue of $402 million, slightly below expectations of $2.11 per share and $401.9 million in revenue, per FactSet data.
Positive Performance from Boyd Gaming
Boyd Gaming’s shares rose about 3% following strong first-quarter earnings results. The company reported adjusted earnings of $1.62 per share, exceeding the expected $1.51, and generated revenue of $991.6 million, surpassing the consensus estimate of $972.6 million.
Boston Beer Surpasses Estimates
The stock for Boston Beer, known for its Sam Adams brand, climbed 2% after it reported earnings of $2.16 per share on $454 million in revenue for the first quarter, significantly outpacing analysts’ expectations of 62 cents per share and $434 million in revenue. The company noted potential tariff impacts leading to increased costs of $20 million to $30 million in fiscal 2025.
Eastman Chemical Faces Setbacks
Eastman Chemical’s shares fell 3% post-announcement of mixed first-quarter results. The company’s earnings of $1.91 per share exceeded the anticipated $1.89, but it reported revenue of $2.29 billion, which fell short of the expected $2.33 billion per FactSet.