Stocks making the biggest moves after hours: GOOGL, CMG, SNAP
Check out the companies making headlines after hours: Alphabet — Shares dropped 7.4% after Google parent Alphabet posted a revenue miss . Fourth-quarter revenue of $96.47 billion fell short of the $96.56 billion expected by analysts polled by LSEG. On the other hand, earnings per share of $2.15 exceeded the $2.13 consensus estimate. Chipotle Mexican Grill — Shares of the burrito chain fell nearly 5% after fourth-quarter same-store sales rose less than expected and the company said the key metric would show only low- to mid-single digit growth in fiscal 2025. In the fourth quarter, Chipotle earned 25 cents per share, after adjustments on revenue of $2.85 billion. Earnings were stronger than expected, while revenue was in line with consensus expectations from LSEG. Electronic Arts — Shares of the video game company rose 1% even after Electronic Arts posted third-quarter results that exceeded expectations. Electronic Arts reported earnings of $1.11 per share on revenue, known as net bookings, of $2.22 billion. Analysts polled by LSEG had expected earnings of $3.07 per share on revenue of $2.32 billion. Advanced Micro Devices — The chip stock dropped 4%. AMD reported fourth-quarter data center revenue fell short of estimates, coming in at $3.9 billion compared to the StreetAccount consensus estimate of $4.14 billion. Otherwise, the company beat on fourth-quarter earnings and revenue expectations. AMD reported adjusted earnings of $1.09 per share on revenue of $7.66 billion. Analysts polled by LSEG had expected earnings per share of $1.08 on revenue of $7.53 billion. Lumen Technologies — The telecommunications stock surged 8%. Lumen Technologies reported fourth-quarter earnings that surpassed expectations on the top and bottom lines, with adjusted earnings of 9 cents per share on revenue of $3.33 billion. Analysts polled by LSEG had expected a loss per share of 5 cents on revenue of $3.20 billion. Mondelez International — The maker of Sour Patch Kids and Oreo cookies slid nearly 4% in extended trading. Mondelez fell short of Wall Street’s estimates in the fourth quarter, reporting adjusted earnings of 65 cents per share on revenue of $9.60 billion. Analysts surveyed by LSEG sought 66 cents per share in earnings and $9.64 billion in revenue. Mondelez said it expects its 2025 adjusted earnings per share to fall 10% on a constant currency basis due to “unprecedented cocoa cost inflation.” Mattel — The toymaker’s stock soared 9% after fourth-quarter results solidly topped expectations. Mattel said it earned 35 cents per share, excluding items, on revenue of $1.65 billion. Analysts surveyed by LSEG predicted the company would earn 20 cents per share on revenue of $1.63 billion. Mattel expects revenue will rise 2% to 3% in 2025 on a constant currency basis. Snap — Shares gained nearly 8% after the company’s fourth-quarter results surpassed Wall Street’s expectations . Snap posted adjusted earnings of 16 cents per share on revenue of $1.56 billion for the period. That is above the 14 cents per share on $1.55 billion in revenue that analysts surveyed by LSEG were expecting. — CNBC’s Christina Cheddar-Berk, Sean Conlon and Darla Mercado contributed reporting.